What is included in closing costs?
You can typically expect the following costs when you close the sale:
We summarized the types of fees below. Click on the cost type, and you’ll jump directly to the description.
| Type of cost | Average fee |
| Title search | $300-600 |
| Title insurance | ~$1000 |
| Home inspection | $300–500 |
| Appraisal | $450-650 |
| Survey | $350-500 |
| Credit report | $450-650 |
| Loan payoff fees | ~0.5-1.5 percent of the sale price |
| Settlement or attorney fee | $150 to $500 for attorney fee |
| Transfer taxes | Variable |
| Recording fees | Variable |
| Mortgage payoff / prepayment penalty | Variable |
| Outstanding amounts owed on the property | Variable |
Save Here are the types of closing fees in more detail:
Title search
- This makes sure you are the rightful owner of the property and that there are no outstanding claims or judgments against the property.
- Average cost is $300 to $600, according to Realtor.com
Title insurance
- The lender and the buyer usually obtain their own title insurance policies, which helps protect them in case a title problem arises after closing.
- Average cost is $1,000, according to Realtor.com
