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The exact amount of closing costs varies by state and with each individual transaction. Here, we’ll take a closer look at seller closing costs, and how much you can expect to pay.
State. Closing costs for home purchase (including taxes) Closing costs for refinancing (including taxes) Washington, D.C. $29,888. $3,370. Delaware. $17,859
Additional Closing Costs. Closing costs are additional costs you’ll pay when you close on your house. On top of taxes and commissions, they include title insurance, attorney fees, escrow fees ...
This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan application. In some cases, the buyer would pay the lender the application directly and prior to closing, while in other cases the fee is part of the buyer's closing costs payable at closing.
Key takeaways. Closing costs can vary significantly by state, ranging from less than 1 percent of the home's sale price to 5 percent or more. Washington, D.C. has the highest average closing costs ...
State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9 New Hampshire: $454,948 10 New York: $453,138 11 Montana: $448,238 12 Idaho ...
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