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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.
These days, closing costs on a new house typically range from 2 to 4 percent of the sales price. A house that sells for $250,000, for example, could incur settlement fees from $5,000 to $10,000. Naturally included in those fees will be the costs associated with obtaining a mortgage and expenses payable to the closing agent (or title company) such as: