Articles on: Rates, costs & fees

How much should I allow for closing costs?

The fastest and most accurate way to know is to apply and look at your Loan Estimate, but as a very rough general rule, you could allow for 2 to 3%.

For a purchase, other than the cost of the appraisal, closing costs are not due until closing and for a refi, they’re normally rolled into the loan and not paid out of pocket.

Updated on: 16/08/2022