As a rule of thumb, closing costs to buy a home run about 2 to 4 percent of the purchase price, with the average around 3% of the sales price.
Typically, home buyers will pay between about 2 to 4 percent of the purchase price of their home in closing fees. So, if your home cost $150,000, you might pay between $3,000 and $6,000 in closing costs. Typically, the funds cannot be borrowed because that could raise the buyer’s ratios to a point where the buyer may no longer qualify for a loan.
Homebuyers can negotiate with the seller over who pays these fees. Sometimes the seller will agree to assume the buyer’s closing fees.