Average closing costs

2 Replies

Just did my first refinace on a property in PA. It was a frustrated process especially because of the appraisal, they were clueless and won't admit that they were wrong.

My question is, regarding the closing costs.

My understanding is that, the closing amount can vary from one lender to another one. Do you guys shop around based on the closing cost?

What's the average closing costs for a property appraised anywhere between $100k-$200k?


I have found that closing costs are usually between 2-4% of the purchase price. In the beginning you should shop around and talk with several different lenders and attorneys. For the most part, their fees should be fairly close to each other. If there is an outlier (either way more expensive or way cheaper) be wary. At the end of the day, I would go with the lender that you trust the most and have the best relationship with vice whoever is cheaper.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here