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Closing costs average about 1-5% of the loan amount. That estimate can vary widely depending on the loan amount, mortgage type, and area of the country in which you are buying or refinancing. In this article I’ve listed the most common closing fee descriptions and approximate costs.
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Let’s move on to talk about how much you might pay for closing costs in Washington State, based on averages. Get Today’s washington mortgage rates and Cost in Seconds. Average Home Buyer Closing Costs in Washington State. As mentioned above, there are many different types of fees that can arise during the home buying process.
A Complete Guide to Closing Costs – Dough Roller – What are they, and how much should you expect to pay?. Still, the national average for closing costs is over $2,000, which isn't pocket change.
Closing cost amounts vary depending on the buyer’s loan program, but they typically range from 2%-5% of the purchase price. The buyer’s down payment must also be paid at closing, but it is listed separately from the closing costs.
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To arrive at the average closing costs, a survey was conducted among lenders in all states. The following average closing costs for Tennessee are based on a house selling for $200,000 with a 20%.
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