Home closing costs can be a huge headache, but if buyers and sellers know about how much they should expect to pay it’s much easier to plan ahead. There are many types of closing costs, and not all of them apply to every deal. Fees may be higher or lower depending on the particular home and the state in which it’s located. Before homebuyers and sellers agree to pay closing costs, it is a good idea for them to verify that all the fees are legitimate.

Homebuyers can usually plan on paying from 2- 7 percent of their loan amount in closing costs. If buyers borrow $100,000 to buy a home, that means they can expect to pay $2,000 to $7,000 in points, fees, taxes and other costs. Closing costs for homebuyers often include mortgage lender’s fees, loan processing fees and inspection fees.

Sellers may have to pay even more in closing costs since they start with a 5-7 percent brokerage commission. Then sellers should be prepared to tack on extra fees, taxes and other costs. Some of the unique home closing costs sellers face are attorney’s fees, survey costs, the recorded release of mortgage and FHA fees.  Sellers should not expect a big fat check on closing day. Instead, they should prepare for high closing costs in advance to avoid shock and frustration.

The list of usual fees and closing costs can include up to 20 items whether you’re buying or selling a home, including title insurance, property transfer taxes and paid utility bills.