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The Abby Nelson Team
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Articles and Advice

What Can You Expect to Pay at Closing?

Read this to find out what you can expect to pay at closing.

Many first-time homebuyers don't realize that they will be responsible for certain expenses that are due at closing. In addition to a down payment, closing costs are often divided between the seller and buyer. These expenses are a normal part of the home buying process, some of which are traditionally placed under the responsibility of the seller or buyer. Let's define several standard closing costs and identify which party is typically responsible for this expense.

Common Closing Costs Explained

Those buying a house should anticipate paying an additional two to five percent of a home's selling price in closing costs. Those selling a property should anticipate paying roughly six to ten percent of the home's selling price in closing costs.

Common closing costs buyers take on when buying a house include:

  • Loan Origination Fees: These costs are charged by the mortgage lender or financial institution and cover the charges associated with creating the loan applications.
  • Notary Fees: All fees charged by a licensed notary public.
  • Appraisal Costs: The fee charged for a licensed appraiser to appraise the property.
  • Home Inspection Fees: The fee charged for a licensed home inspector to professionally inspect the home.
  • Credit Report Fees: Any fees associated with the running of your credit report through your mortgage lender.
  • Land Survey Fees: Any fees associated with a land survey conducted by a licensed surveyor.
  • Deed Recording Fees: This cost covers the fees associated when the deed transfer is recorded in public records.

Common closing costs sellers take on when selling property include:

  • Seller Costs: These costs cover payments made to all real estate agents or brokers conducting the transaction.
  • Attorney Fees: Fees charged for legal services rendered by the seller.
  • Unpaid HOA Fees: Any homeowners association fees that the seller still owes prior to the home sale.
  • Property Liens: Any liens or judgments against the property will typically be paid off by the seller.
  • Prorated Property Taxes: Any property taxes accrued up until the home sale.
  • Title Insurance Fees: These fees are typically the buyer's insurance premium.
  • Transfer Taxes: These fees are charged by the local government to transfer the property title from seller to buyer.
  • Loan Payoff Costs: Any interest or prepayment penalty fees the seller incurs when paying off their mortgage loan at the time of the sale.

In some situations, buyers may be able to negotiate with sellers to relieve themselves of various closing costs. For example, sellers who desire a fast sale may be willing to cover certain costs or buyers may be willing to accept a lower counteroffer if the seller agrees to absorb some of these expenses. If you're interested in buying a house, we suggest that all buyers anticipate these additional costs and save accordingly.

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The Abby Nelson Team
The Abby Nelson Team Office: (570) 449-2755 Email Me
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Tue 03/03/2026 12:37:29 AM EST) or (last updated Tue 03/03/2026 6:10:44 AM EST). Real estate listings held by brokerage firms other than Delta Agent Sites may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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