856.426.1522 Ask Bob Activate Benefits
Ask Bob Buying a Home What are closing costs and how much should I expect to pay?
Back to Buying a Home

What are closing costs and how much should I expect to pay?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Closing costs include loan origination fees, appraisal, title search and insurance, attorney fees, prepaid property taxes, and homeowner's insurance premiums. In New Jersey, closing costs typically range from 2 to 5 percent of the purchase price. On a $350,000 home, that means $7,000 to $17,500. Your lender provides a Loan Estimate within three days of application.

Why It Matters

Budgeting for closing costs upfront prevents surprises at the closing table and ensures you have enough cash on hand to complete the purchase.

Related Questions

What should I look for during an open house? How much should I save for a down payment? What are closing costs and how much are they? What loan options are available for first-time buyers? What questions should I ask my real estate agent when buying?

Explore South Jersey with Bob

Living here is about more than the house. Bob's community guides help you find the right town, compare neighborhoods, and keep up with what's happening across Burlington County and South Jersey.

Best Places to Live Relocation Guide Compare Communities Regional Market Trends Community Directory Ask Bob Q&A Library
Want to know what it's really like to live here? Reach out to Bob.

Still Need Help?

Bob answers every question personally. Send your question directly to him.

Ask Bob Directly