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Buyer's Guidechevron_rightGlossary

Closing costs

In plain English

The fees you pay at closing on top of the down payment: lender fees, the appraisal, title insurance, the closing attorney, taxes, and the first insurance and tax payments. They often add up to 2% to 5% of the price.

By David Knorr · Last reviewed October 28, 2026

Why it matters to you

They're easy to underestimate, and they're due in cash. You can ask the seller to pay part of them with a seller concession, often agreed after the inspection.

calculateOn a $350,000 home, 2% to 5% is $7,000 to $17,500, on top of your down payment.
routeStep 1: Am I ready to buy?Seller concessionClosing DisclosureLoan EstimateDown payment

infoGeneral information based on the standard Georgia REALTORS® purchase contract and public guidance. Your own contract decides: read it, and ask your agent or closing attorney about anything that matters. Not legal or financial advice.