What are the Closing Costs when buying a home?

Typically, home buyers will pay between about 2 to 5 percent of the purchase price of their home in closing fees. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs.

Most loans allow a buyer to ask the seller to pay between 3% and up to 6% towards a buyers closing closts. The seller normally wants to negotiate a higher price if they are paying a large amount of money to the buyer for these “buyer costs”.

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