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What are the Typical Closing Cost for a Mortgage on a Loan?

 

The typical closing costs for lets say a $300,000 loan can vary depending on location, lender, and loan type.

Closing costs, on the other hand, can range from 2% to 5% of the loan amount, which translates to $6,000 to $15,000 for a $300,000 mortgage. These percentages are also depending on the consumer and loan type. We typically see the closing costs to be 3%.

Some common closing costs that a borrower may incur include:

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    Melissa Gootee


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