What can you expect closing cost to be when purchasing/buying a home in Connecticut?

What are home buyer closing costs?

As a home buyer, closing costs are processing fees you pay to your lender. Lenders charge these fees in exchange for creating your loan. Closing costs cover things like your home appraisal and searches on your home’s title. The specific closing costs you’ll need to pay to depend on the type of loan you take and where you live.

Besides closing costs, you should also take into account other costs like inspection and insurance. Check out our video for a quick explanation and breakdown of what you should expect to pay beyond your downpayment.

Before heading to the closing table, expect to pay for the following items at the beginning phase after your offer is accepted.

  • Inspection
  • appraisal
  • title search
  • attorney fee
  • home insurance
  • title insurance.

As you get closer to closing, your additional fees will be:

  • application fee
  • origination fee
  • underwriting
  • credit report
  • flood insurance (if needed)
  • courier/shipping cost
  • wire transfer
  • mortgage insurance.
  • Along with sellers prepaid items like taxes and heating oil
  • putting money into escrow.
About the Author

Hey there! I‘m Cynthia. I love living in Fairfield County and enjoy all it has to offer. Each town and community is unique and I love to explore, meet people and find hidden gems in local towns. I work with the MAPP Team at Higgins Group in Fairfield, CT. When I‘m not helping people find their new home, I can be found at The Knowlton at 305 Knowlton Ave in Bridgeport, as one of the resident artist. My art consists of mixed media, painting and pottery/ceramics. I also create and design marketing materials. I enjoy exhibiting my work and sharing my talents through classes I teach. Helping, motivating and encouraging people to find their inner artist keeps me motivated to keep growing with my art and with my real estate business.