[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3vpiwzwrbcq6h":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},919,"more-than-half-of-all-buyers-are-surprised-by-closing-costs","More Than Half of All Buyers Are Surprised by Closing Costs","According to a \u003Ca href=\"http:\u002F\u002Fwww.nationalmortgagenews.com\u002Fnews\u002Forigination\u002Fmore-than-50-of-homebuyers-surprised-by-closing-costs-1097166-1.html\">survey\u003C\u002Fa> conducted by \u003Cem>ClosingCorp,\u003C\u002Fem> over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F18105501\u002F20170926-Share-STM.jpg","According to a \u003Ca href=\"http:\u002F\u002Fwww.nationalmortgagenews.com\u002Fnews\u002Forigination\u002Fmore-than-50-of-homebuyers-surprised-by-closing-costs-1097166-1.html\">survey\u003C\u002Fa> conducted by \u003Cem>ClosingCorp,\u003C\u002Fem> over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.\u003C!--more-->\r\n\r\nAfter surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.\r\n\u003Cblockquote>\u003Cem>“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Cem>Bankrate.com\u003C\u002Fem> \u003Ca href=\"http:\u002F\u002Fwww.bankrate.com\u002Ffinance\u002Fmortgages\u002Fclosing-costs\u002Funited-states.aspx\">gathered\u003C\u002Fa> closing cost data from lenders in every state and Washington, D.C. in order to share the average costs in each state. The map below was created using the closing costs on a $200,000 mortgage with a 20% down payment.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F20170926-STM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-36194\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F20170926-STM-ENG.jpg\" alt=\"More Than Half of All Buyers Are Surprised by Closing Costs | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nKeep in mind that if you are in the market for a home above this price range, your costs could be significantly greater. According to \u003Ca href=\"http:\u002F\u002Fmyhome.freddiemac.com\u002Fbuy\u002Fdown-payments-closing-costs.html\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa>\u003Cem>,\u003C\u002Fem>\r\n\u003Cblockquote>\u003Cem>“Closing costs are typically between 2 and 5% of your purchase price.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nSpeak with your lender and agent early and often to determine how much you’ll be responsible for at closing. Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.","\r\nSpeak with your lender and agent early and often to determine how much you’ll be responsible for at closing. Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F20170926-STM-ENG.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},38,"Move-Up","move-up","2017-09-26T10:00:19Z","2017-09-18T12:49:47Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},918,"how-to-get-the-most-money-from-the-sale-of-your-home","How to Get the Most Money from the Sale of Your Home","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F08121103\u002F20170925-Share-STM.jpg","2017-09-25T10:00:45Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},920,"what-to-look-for-in-your-real-estate-team","What to Look for in Your Real Estate Team","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F09\u002F26110303\u002F20170927-Share-STM.jpg","2017-09-27T10:00:18Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,69,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":66,"name":67,"slug":68},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]