How Much are Closing Costs and Fees?

Closing costs are the fees for facilitating the purchase and sale transaction for real estate or property. Closing costs is the general term for a variety of different fees and payments that buyers and sellers both need to pay when completing a purchase on a home.

Most all home buyers want to know how much they will need to bring to closing to cover the fees and costs and most of the time want to know what all is included in these costs. This is a general breakdown for who pays for what and how much typical closing costs and fees run.

How much are closing costs and fees?

  • Escrow Fees
  • Title Insurance
  • Fire Insurance Premium for the First Year
  • Home Inspection
  • Recording Fees and Notary Fees for Documents


  • Inspection Damage
  • Escrow Fees
  • Real Estate Commissions
  • Transfer Fees for City and County
  • Title Insurance
  • Homeowners Association Transfer Fees (if applicable)
  • Bonds, Assessments or Tax Liens

This is generally the breakdown between buyer and seller and what they're expected to pay, closing time. Each transaction is different so determining the cost on all of these varies from city to city, county to county, and property to property.

Read more: What are the buyers standard closing costs?

Buyers will usually get a breakdown of all the fees involved in buying a home before closing and many times closing fees can be either built into the purchase price of the property if the appraisal comes in higher than the list price or buyers can request the sellers to pay for the closing costs. This is typical for the VA and USDA type of loans.

Related for Buyers: 

Should I Look at Homes first or Apply for a Loan?

On average closing costs can range anywhere from $2000-$15,000 for buyers depending on the price of the home and whether they chose a mortgage broker or a bank to conduct the transaction. Mortgage brokers are a little bit more expensive but are less expensive over the life of the loan since the majority of mortgage brokers will find a lower interest rate and better program for the buyer. They should be able to give buyers a pretty accurate estimate of closing costs with the price of the home and rest details.

For more information on closing costs for your Portland real estate or home, my office anytime. I would be happy to offer you some preliminary numbers and give you an idea of the transaction process so you feel more comfortable during your purchase and sale.

More tips for buyers:

5 Reasons to Invest in Portland Properties Now

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As a professional Portland real estate agent I not only know the area but I know the current markets and trends. I would love to help you find a home in any of the fabulous neighborhoods located around the Portland area. My area of expertise is helping buyers specifically find the right home at the right price. I would love to help you find a home in several of these neighborhoods including but not limited to AlamedaHillsdaleNob HillLake OswegoBeavertonTigardHillsboroClackamas, and all downtown homes and Portland condos. Call me at 503-957-1179 or Contact Us here for more details on personally seeing any of these homes and listings for sale in the entire Portland area.