4 Home Buying Costs You'll Probably Need to Pay Before Closing on Your Mortgage

4 Home Buying Costs You'll Probably Need to Pay Before Closing on Your Mortgage

Image source: Getty Images When you buy a home, you need to plan for closing costs. These can add up to around 2% to 5% of the value of your loan, and they are generally paid at the time when ownership is officially transferred to you.