Closing Costs Quickly Explained

There are certain closing costs that are more or less expensive based on the amount of money you are borrowing – or the sales price of the home you’re buying.

There are other costs that will be the same regardless of transaction size. It’s good to understand which costs are fixed – and which costs are on a sliding scale based on things like purchase price and loan amount.

Every good loan officer should have several rules of thumb for when it comes to estimating closing costs.