![]() Closing costs may deviate from the figures shown on the map above. ![]() *The Median Seller’s Closing Costs are approximate and are based on the median home price in each state. A seller usually pays 6% to 8% of the sale price towards closing costs, but in some cases, the closing costs may reach up to 12% of the sale price excluding closing outstanding loans. Usually, a seller pays closing costs, but some deals also lead to the buyer’s closing costs. These fees are used to pay for legal and administrative expenses such as real estate agent commission, loan origination, etc. Closing costs are the fees that a buyer and a property seller pay once the transaction closes.
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