How Much Are Closing Costs on a $400K Home in Georgia?

A good planning estimate for closing costs on a $400,000 Georgia home is approximately $8,000–$20,000, before the down payment.

The Consumer Financial Protection Bureau says closing costs typically run about 2%–5% of the purchase price, although your actual amount depends on the loan, lender, property, and location.

Closing costs may include lender charges, appraisal expenses, attorney/title-related costs, and prepaid taxes or homeowners insurance.

Remember: down payment + closing costs = two different expenses.

Some buyers may also qualify for assistance that helps reduce the amount they need upfront.

Related reading: What Down Payment Assistance Is Available in Henry County?

Related reading: Down Payment Assistance in Georgia

Before you start touring homes, it's worth knowing your estimated cash-to-close number. I can help you plan the real estate side and connect you with a licensed lender who can calculate the financing details.

Source: Consumer Financial Protection Bureau.