What are Closing Costs?

Closing costs are comprised of fees and expenses associated with a home purchase that are paid at the closing of the transaction.  The majority of closing costs involved with a home purchase are typically paid by the buyer; however, there are some costs the seller might be responsible for.  According to Zillow, “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 $150,000, you might pay between $3,000 and…

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