Average Mortgage Closing Costs
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In addition to the down payment, you will be responsible for paying certain average mortgage closing costs in order to complete the mortgage transaction. Average mortgage closing costs range from 3% to 6% of a home’s purchase price.
Average mortgage closing costs may include:
- Agent Commissions
- Appraisal Fee
- Credit Report Fee
- Flood Certificate Fee
- Origination Fee
- Points
- Prepaid Homeowner’s Insurance Premiums
- Private Mortgage Insurance Premiums
- Processing Fee
- Recording Fee
- Tax Adjustments
- Tax Service Fee
- Title Search and Insurance
- Underwriting Fee
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Equal Housing Lender. Metrocities Mortgage, LLC, 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403, is a Delaware limited liability company licensed by the California Department of Corporations under the California Residential Mortgage Lending Act. Arizona Mortgage Banker License #BK0903027; Georgia Residential Mortgage License #16984; Illinois Residential Mortgage Licensee #6424; Kansas Supervised Loan License #2002-4365; Massachusetts Mortgage Lender License #MC2011; Mississippi Supervised Mortgage Company; New Hampshire First Mortgage Banker/Broker License 8728-MBB; Licensed Banker-New Jersey Department of Banking #9932415; Pennsylvania Department of Banking #1740; Rhode Island Licensed Lender #20021343LL. Restrictions may apply, ask for details. This is not an offer for extension of credit or a commitment to lend. All calculations are approximations. All rates, fees, and programs are subject to change and/or withdrawals from the market without notice.