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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.
the most common closing cost is the down payment in addition to making your down payment there are other costs and fees associated with your home purchase average closing costs generally range from $ 2500 to $ 5000 or about 6 % of your loan a sizable amount of money when you consider this is paid upfront at closinghis covers the costs of assuring the lender that you own the home and the lender s mortgage is a valid lien title insurance owner s policy varies generally between $ 175 $ 875 this is an insurance policy protecting you in the event someone challenges your ownership of the home