Closing costs are the settlement fees paid by purchasers upon receipt of their loan from their bank. The general closing costs are between 2-7% of the total loan value. The Real Estate Procedures Closing Act (RESPA) requires that lenders and mortgage brokers give buyers a Good Faith Estimate of all loan-related expenses due at closing. However, these estimates do not guarantee actual mortgage closing costs.

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In North Carolina the average closing costs on a property that is $200,000 is as follows:
          Average origination fees charged by lender:                            
          Average title and third-party fees:                                   
          Average Total Fees:                                                           

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Some of the items that could be included in your closing costs are as follows:

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