Applying for a Mortgage? Keep This Potential $5,749 Expense in Mind

Maurie Backman, The Motley Fool
·3-min read
Applying for a Mortgage? Keep This Potential $5,749 Expense in Mind
Applying for a Mortgage? Keep This Potential $5,749 Expense in Mind

Most mortgage lenders charge closing costs when you sign a home loan. The good news is your lender is required to share your estimated closing costs so there are no surprises. The bad news, however, is that closing costs can be quite expensive, totaling anywhere from 2% to 5% of your loan.