How do we know what the closing costs will be when we close on our home?

How do we know what the closing costs will be when we close on our home?

What determines your closing costs when selling a home?   Here’s a quick guide:

Closing costs are typically 1-5% of the home’s purchase price. Exact fees depend on the mortgage type, sales price and some other factors.

3+ days before closing, your lender will provide you a detailed breakdown of all costs. This closing disclosure lists every expense you’re responsible for at closing. Your lender will review your full costs with you beforehand too.