the day you actually buy your home and you go into escrow,
you’ll need the proper funds for closings costs, in addition
to your down payment.
buyers and sellers, have their respective share of closing costs.
As a buyer, some of these closing costs are paid up front when
you apply for a loan. That includes, but not limited to:
These fees are
non-refundable. Other closings costs may include, but are not
a general fair rule, your closing costs will equal to be 2-3% of
the purchase price. The good news, is if you’re limited on funds,
and if your loan type allows it, you may contract the seller to
pay some or all of your closing costs. Also, unlike your down
payment, certain closing costs can be added to the loan.