Closing costs for buyers
Know what you'll owe at the table?
- Roughly
- No idea
- I've seen an estimate
About 2% of the loan, and most of it isn't fees
San Diego buyers typically pay around 2% of the loan in closing costs. Lender fees and title are a chunk, but the bigger half is prepaids — a year of insurance, a few months of tax reserves, and the interest from closing to month end. Those scale with price; the fees mostly don't.
Closing costs are due at signing. Here's where the money can come from.
When you buy a home, the seller usually pays your agent about 3%. On a $1M home that's about $30,000. We keep a flat $4,999 and give you the rest. Put it toward closing costs, your down payment, or a lower rate.
See what you'd get backBased on a $1M San Diego home where the seller offers 3% to the buyer's agent. Applied to closing costs first. How much can go to you beyond that depends on your loan. Estimate only, not a guarantee.
The bill that arrives after you move in
California reassesses the home when it sells and then sends a supplemental tax bill for the gap, months later, addressed to you rather than your lender. On a $1M purchase it can run four to fifteen thousand. It is not in your impound account. Save for it.
Your agent gets paid $30,000. You could get most of it.
Most buyers don't know this. The seller pays your agent a big chunk of the sale price. We think most of that should go to you. We charge one flat fee and send you the rest at closing.
Find out how much is yoursBased on a $1M San Diego home where the seller offers 3% to the buyer's agent. Applied to closing costs first. How much can go to you beyond that depends on your loan. Estimate only, not a guarantee.