Closing costs typically range between 2% and 5% of the purchase price, depending on the loan type, property location, and lender fees. They may include:
Many buyers underestimate this category. They focus heavily on down payment and forget about the rest. In some cases, seller concessions can help offset closing costs — but those are subject to program limits and negotiation. Padzilly lets you search for properties on the assumption you will get a seller concession and also allows you to apply seller concession within your approved loan limits to any property using OfferPro Understanding closing costs early prevents last-minute surprises.
Please consult your Mortgage Advisor for guidance specific to your situation before making changes.
Notes & good practices
Lender fees
Appraisal
Title insurance
Escrow fees
Recording fees
Prepaid taxes and insurance