Closing costs are a collection of fees from lenders and third parties involved in the sale. What Components Make Up Closing Costs? - Urban Institute

Homebuyers typically pay between of the home's purchase price in closing costs. For a $400,000 home, this equates to a range of $8,000 to $20,000 . While the exact amount varies based on your loan type and location, these costs are due at the final signing of your real estate transaction. Breakdown of Common Fees