Approximately 70% of closing costs that are variable are title-related, including the insurance premium and service charges. Try our online Quick Quote tool and our free app Close It! to calculate your closing costs today.
You will need more than just enough for the down payment to buy a home. As a general rule, you should tack on an additional 3% to 6% of the purchase price to account for closing costs. These fees can be sorted in the three buckets: title insurance premiums, settlement fees and taxes.
©2021 Federal Title & Escrow Co.
5335 Wisconsin Avenue, NW, Suite 700
Washington, D.C., 20015