[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fcm08q6h29sxq":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},1224,"buyers-dont-be-surprised-by-closing-costs","Buyers: Don’t Be Surprised by Closing Costs!","Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F07164136\u002F20181126-Share-STM.jpg","Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?\u003C!--more-->\r\n\r\nBy law, a homebuyer will receive a \u003Cem>loan estimate\u003C\u002Fem> from their lender 3 days after submitting their loan application and they should receive a \u003Cem>closing disclosure\u003C\u002Fem> 3 days before the scheduled closing on their home. The closing disclosure includes final details about the loan and the closing costs.\r\n\u003Ch4>\u003Cstrong>But what are closing costs anyway?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.trulia.com\u002Fguides\u002Fwhat-are-closing-costs\u002F\">Trulia\u003C\u002Fa>\u003C\u002Fem>:\r\n\u003Cblockquote>“\u003Cem>Closing costs are lender and third-party fees paid at the closing of a real estate transaction, and they can be financed as part of the deal or be paid upfront. They range from 2% to 5% of the purchase price of a home. (For those who buy a $150,000 home, for example, that would amount to between $3,000 and $7,500 in closing fees.)” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nKeep in mind that if you are in the market for a home above this price range, your costs could be significantly greater. As mentioned before,\r\n\u003Ch4>\u003Cstrong>Closing costs are typically between 2% and 5% of your purchase price.\u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Cem>Trulia\u003C\u002Fem> continues to give great advice, saying that:\r\n\u003Cblockquote>\u003Cem>“…understanding and educating yourself about these costs before settlement day arrives might help you avoid any headaches at the end of the deal\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 \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F01\u002F23\u002Fhave-you-saved-enough-for-closing-costs\u002F\">how much\u003C\u002Fa> 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 \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F01\u002F23\u002Fhave-you-saved-enough-for-closing-costs\u002F\">how much\u003C\u002Fa> 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.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2018-11-26T10:00:12Z","2018-11-08T16:45:39Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1223,"existing-home-sales-slowed-by-a-lack-of-listings-infographic-2","Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F21112153\u002F20181122-Share-STM1.jpg","2018-11-23T11:00:49Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1225,"the-1-reason-to-not-wait-until-spring-to-sell-your-house","The #1 Reason to Not Wait Until Spring to Sell Your House","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F07161148\u002F20181127-Share-STM.jpg","2018-11-27T10:00:42Z",{"cover":43,"open":44,"shareSpread":45},"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",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]