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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.
Much depends on the points and origination fees a lender charges to make the loan, which are disclosed on the buyer's Good Faith Estimate, which is now called a loan estimate. The total closing costs to purchase a $300,000 home could cost anywhere from approximately $3,000 to $12,000 or more.