Home-buyers can expect closing costs in California to an average of 2% to 3%. There are two types of expenses: one-time (non-recurring) and recurring (pro-rated or ongoing).
For example, if you buy a house in San Diego for $800,000, your one-time and recurring closing costs would range from $16,000 to $24,000.
The average closing costs in Florida come to approximately 1.98% of the purchase price.
Lender’s costs include loan origination fees while third party costs are things like appraisal fees, survey fees, title insurance and taxes among others. Average closing costs range from 0.5 to 5% of the total loan amount. In Georgia, the average amount is $1,897 for a $200,000 mortgage.
The average closing cost in Minnesota is $3,621 after taxes, or approximately 0.91% to 1.21% of the final home sale price.
In Illinois, the average closing costs are $5,807 after taxes. That comes to between 1.94% and 2.9% of the final home sale price.
On average in North Carolina, standard closing costs range just over 2.2% of a home’s purchase price. For example, closing costs on a $200,000 home could add up to $4,400 or more.
Not including your down-payment on a home, closing costs usually range between 2-5% of the purchase price. This means if an average home in Rhode Island costs between $300,000-$400,000, you can expect to pay between $2,600-$4600 in closing costs.
Generally speaking, buyers will pay between 2% and 3 % of the purchase price in closing costs.
Typically, home buyers will pay between about 2 to 5 percent of the purchase price of their home in closing fees. So, if your home cost $160,000, you might pay between $3,200 and $7,800 in closing costs.
Who pays the closing costs? the buyer or the seller?