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Selling a house isn’t free — here’s a breakdown of common closing costs for sellers.
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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.
State. Closing costs for home purchase (including taxes) Percentage of average home sale price (including taxes) Washington, D.C. $29,888. 3.9%. Delaware
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Key takeaways. Closing costs can range anywhere from 2 percent to 5 percent of the home’s purchase price. Closing costs averaged $6,905 as of 2021, according to ClosingCorp.
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