How much are closing costs on a house, on average?
Buyers pay about 2–5% of the purchase price; sellers pay 6–10% once agent commissions are included. On a $350,000 home that's roughly $7,000–$17,500 for the buyer and $21,000–$35,000 for the seller.
Closing costs by home price (buyer side, 2–5%)
| Home price | Low (2%) | High (5%) |
|---|---|---|
| $200,000 | $4,000 | $10,000 |
| $300,000 | $6,000 | $15,000 |
| $400,000 | $8,000 | $20,000 |
| $500,000 | $10,000 | $25,000 |
| $750,000 | $15,000 | $37,500 |
How to read this table
- $750,000 sits at the top of the table ($15,000) — $37,500. If your situation looks like this row, plan against the upper half of the range rather than the midpoint.
- $200,000 anchors the bottom ($4,000) — $10,000. Treat this as the conservative case you should still be profitable at.
- The gap between the top and bottom row is roughly 3.8×. That spread is why a single blended average is close to useless here — pick the row that matches your setup instead of averaging the column.
- With 5 reference points in the "closing costs by home price (buyer side, 2–5%)" table, the fastest way to use this page is to find the closest row, take its low (2%), then stress-test it ±30% before you build a plan on it.
Context
The percentage shrinks as price rises because many fees are flat (appraisal, inspection, recording) rather than proportional. Cash buyers pay far less — often under 1% — because all the lender fees disappear. Sellers face the bigger bill mainly because of commissions (typically 5–6% total, now negotiated separately after the 2024 NAR settlement) plus their share of transfer taxes and title fees.
What moves this number
Financing terms
Rate, down payment and amortisation drive cash-on-cash return more than purchase price does. The same building can cash-flow or bleed depending on the loan.
True operating expense ratio
Management, insurance, tax, maintenance, vacancy and capital reserve typically consume 35–50% of gross rent. Models that skip reserves overstate returns badly.
Vacancy and turnover
One 45-day vacancy plus a turn can erase a year of thin cash flow. Underwrite 5–8% vacancy even in tight markets.
Local regulation
Rent rules, short-term rental caps and licensing requirements change the achievable revenue of an identical property between neighbouring cities.
Methodology
Buyer range from national 2–5% convention; seller range adds typical 5–6% commission to 1–4% in transfer taxes, title, and fees. State and county pages on this site carry the local numbers.
Assumptions and caveats
- Returns exclude appreciation and principal paydown unless a row states otherwise.
- Local tax, insurance and regulation can move these figures by several points in either direction.
- This page was last reviewed on 2026-10-01. Ranges are updated as new data lands, so re-check before using them in a contract or a plan.
- Use these numbers as a starting range, not a guarantee — your own historical data always beats a benchmark.
Frequently asked questions
How much are closing costs on a house, on average?
Buyers pay about 2–5% of the purchase price; sellers pay 6–10% once agent commissions are included. On a $350,000 home that's roughly $7,000–$17,500 for the buyer and $21,000–$35,000 for the seller.
Which option pays the most in the closing costs by home price (buyer side, 2–5%) table?
$750,000, at $15,000 ($37,500). That row represents the strongest case in this dataset, so use it as an upper bound rather than an expectation.
What is a realistic low-end figure?
$200,000 at $4,000 ($10,000). Plan your costs so the low end still works, then treat anything above it as upside.
Why do the numbers vary so much?
The spread between the highest and lowest row is about 3.8×. Financing terms and true operating expense ratio explain most of that gap — see the drivers section above for the full list.
Where do these numbers come from?
Buyer range from national 2–5% convention; seller range adds typical 5–6% commission to 1–4% in transfer taxes, title, and fees. State and county pages on this site carry the local numbers.
How can I estimate my own number instead of using a benchmark?
Use the Closing Costs Calculator on RevenueLab — it takes your own inputs and returns a figure specific to your setup, which is always more accurate than a published range.
Model your own numbers
Related reading
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Last updated 2026-10-01.