Closing costs need to be considered when a buyer determines what their budget is for a home purchase. Not only the deposit, which goes toward the purchase price of the home, but also things like escrow fees, notary fees, appraisal fee, lender fees, and prepaid items like insurance and property taxes have to be added to the budget. These can be as much as 3 percent of the purchase price. For a more detailed analysis read this article from San Diego Mortgage News.
Mortgage Fee Structure Changes
