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On average, closing costs make up two to five percent of the purchase price of a home. Two percent doesn't seem like a high number, until you remember that houses are pretty expensive. With the average home price at $152,000, that means you can expect to pay an extra $3,000 to $7,600. And that's just on average.
Closing fees average around 2% of the purchase price but can go as high as 5%. Here's how to anticipate what you'll be paying. Closing fees average around 2% of the purchase priceâon a $200,000 home, thatâs $4,000âbut they can go as high as 5%. The laundry list of costs is long. Before you even get to the closing table, youâll pay the lender for a credit check and appraisal; youâll also pay for an inspection, property survey and any attorneyâs fees.