What closing costs look like for Missouri buyers
· Legacy Title & Escrow
closing costsbuyers
The usual range
Buyers typically pay 2% to 5% of the purchase price in closing costs. On a $250,000 home, that is $5,000 to $12,500.
What is in the number
- Title insurance and title search
- Escrow, settlement and recording fees
- Lender charges and appraisal
- Prepaid property taxes and homeowner's insurance
Who pays what
Your contract sets it. Sellers sometimes cover part of the costs, and down-payment assistance programs may help. Our escrow team explains each line on your closing disclosure.