Closing Costs
Closing costs are the thousands of dollars in fees associated with getting a mortgage or refinancing a home loan and typically amounts to 2 percent to 5 percent of the loan principal but can vary by state.
Latest Closing Costs Articles
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Guide to first-time homebuyer grants
There’s one key fact that separates first-time homebuyer grants from other forms of help.
7 min read Jun 23, 2025 -
How to get a mortgage
Follow these 10 steps to nail the loan and make buying that home a reality.
9 min read Jun 20, 2025 -
Cash out refi vs. home equity loan: What you need to know
Both mean borrowing against your home, but their pros and cons vary quite a bit.
7 min read Jun 19, 2025 -
How to get a low-cost mortgage refinance
But be careful, lest a strategy end up costing you more in the long run.
5 min read Jun 16, 2025 -
How often can you refinance your home?
More than once, certainly. But making a habit of it gets costly.
5 min read Jun 16, 2025 -
VA closing costs: What are they and how much are they?
They’re often lower, but they still can add up. Here’s what to look for.
4 min read Jun 10, 2025 -
‘Marry the house, date the rate’: Smart strategy or outdated advice?
When mortgage rates began rising in 2022, Americans responded by buying fewer homes. In an attempt to spur reluctant buyers to set aside their fears and make a move, many in the housing industry have begun [...]
4 min read May 20, 2025 -
What is mortgage escrow?
It’s an often-inescapable fact of homebuying and homeowning life.
6 min read May 13, 2025 -
Do you need a down payment to refinance your mortgage?
Usually, no. But you still need to have some cash on hand at the closing.
5 min read Apr 21, 2025 -
Related Topics
Helpful Links
- Closing cost guide
- How to buy a house
- How to negotiate your mortgage closing costs
- Average mortgage closing costs by state
- Understanding the closing process
- How much does it cost to buy a house?
- Mortgage closing costs vs. prepaids
- How much does it cost to refinance your house?
- No closing cost mortgage
- No closing cost refinance