HOMEBUYER COST GUIDE
Understanding Closing Costs
Your down payment is only one part of the cash needed to buy a home. Build a plan that also accounts for loan costs and other purchase expenses.
Apply Now →What can be included
Closing costs can include lender/origination charges, prepaid interest, initial escrow deposits, title-related charges and other transaction costs. Some costs depend on the property, loan and location.
Plan for the total monthly payment
A realistic housing budget should consider principal and interest plus property taxes, homeowners insurance, mortgage insurance when applicable, HOA dues and other property expenses.
Review your Loan Estimate
Once you apply, review the Loan Estimate carefully and compare the loan amount, interest rate, projected payment, estimated closing costs and estimated cash to close with what you expected.
Planning tip: Use the educational tools on this site to prepare questions, then verify current loan terms, costs and eligibility with a licensed mortgage professional.