Closing costs
Expect roughly 2% to 5% of the price on top of the down payment, depending on the loan and the state.
What's included
| Category | Examples |
|---|---|
| Lender and broker | Origination, underwriting, broker compensation, discount points |
| Third party | Appraisal, credit report, survey, flood certification |
| Title and settlement | Title insurance, escrow and recording fees |
| Prepaids and escrow | First year of homeowners insurance, property tax and interest deposits |
Texas specifics
Texas title insurance premiums are set by the state, so they're the same at every title company. Texas has no transfer tax. Property taxes are high, so the initial escrow deposit can be significant.
Florida specifics
Florida charges documentary stamp tax on the mortgage note ($0.35 per $100) and intangible tax on the mortgage (0.2%), usually paid by the buyer. Homeowners and flood insurance often cost more, especially near the coast.
Paying less out of pocket
Sellers can contribute toward your closing costs up to program limits, and lender credits can cover costs in exchange for a slightly higher rate. We show both options on paper.
Reviewed by Mustafa Temiz, CPA, NMLS #2450795 · Updated November 2026
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