Type of cost Average fee
Title search $300-600
Title insurance ~$1000
Home inspection $300–500
Appraisal $450-650
Survey $350-500
Credit report $450-650
Loan payoff fees ~0.5-1.5 percent of the sale price
Settlement or attorney fee $150 to $500 for attorney fee
Transfer taxes Variable
Recording fees Variable
Mortgage payoff / prepayment penality Variable
Outstanding amounts owed on the property Variable

Here are the types of closing fees in more detail:

  • Title search
  • This makes sure you are the rightful owner of the property and that there are no outstanding claims or judgments against the property.
  • Average cost is $300 to $600, according to Realtor.com
  • Title insurance
  • The lender and the buyer usually obtain their own title insurance policies, which helps protect them in case a title problem arises after closing.
  • Average cost is $1,000, according to Realtor.com
  • Home inspection
  • This ensures there are no major issues with the home’s structure or systems.
  • The cost is $300 – $500, according to Nerdwallet
  • Appraisal
  • This report verifies whether the property is worth as much as the seller is borrowing from the lender.
  • The cost is $450 to $650, according to Realtor.com
  • Survey
  • For loans, many states require a survey, which shows where the property’s legal boundaries are.
  • The cost is $350 to $500, according to Realtor.com
  • Credit report
  • The lender will run a credit report on the buyer with one or more of the three major credit reporting bureaus.
  • The cost is $20 to $50 per report, according to Realtor.com
  • Loan payoff costs
  • These include application and assumption fees, prepaid interest and loan origination fees
  • Around 0.5 percent – 1.5 percent of sale price, according to Money Crashers
  • Mortgage payoff / prepayment penalty
  • If you owe anything on the property’s mortgage, you will pay this amount at closing. Some lenders charge a penalty for paying your loan off before the end of the mortgage term, according to Marketwatch. These penalties can be anything from a percentage of your remaining balance, to a sliding scale fee based on the age of your loan. You’ll need to check with the lender to determine whether you have a prepayment penalty and what the costs of that penalty may be.
  • Outstanding amounts owed on the property
  • This includes property taxes, utility bills, homeowners insurance and HOA dues (if applicable). These amounts will be prorated to the closing date.
  • Cost: variable
  • Transfer taxes
  • Depending on your local and state laws, you’ll likely be charged taxes on the sale transaction. These are calculated based on the property’s value and local laws. Your state and county taxing authority’s website will have information about your local tax rates. You can also ask your real estate agent.
  • Cost: variable
  • Recording fees
  • Your escrow agent, title agent, or attorney will file the deed transferring the property to the buyer with the appropriate county office. Each county sets their own recording fee.
  • Cost: variable
  • Settlement or attorney fee
  • A settlement fee is paid to the escrow or title agent who handles your closing. If an attorney is handling the closing, you will pay attorney fees instead.
  • Cost: $150 to $500 for attorney fee, according to Realtor.com, and the settlement fee is around $2 per $1,000 in sales price, according to Money Crashers
  • Any additional state requirements
  • Check with your agent or attorney for state-specific requirements not mentioned here. These may include a septic system certificate or flood certification.