What are the average closing costs for home buyers?


Quick Answer

Average closing costs for home buyers as of 2015 are $3,700. Most buyers pay between 2 and 5 percent of the home price in closing costs. For example, if a home costs $100,000, the buyer typically pays $2,000 to $5,000 in closing costs. Sellers sometimes pay some of these costs.

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Full Answer

Fees included in closing costs vary based on the location and property purchased. Some fees typically included are the credit report fee, the appraisal fee, title search fees, pest inspections fees and the survey fee to verify the property line. Closing costs are estimated on the good faith estimate before closing and then stated again on the HUD-1 statement after closing.

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