Buying a home involves more than just a down payment. Closing costs are the miscellaneous fees associated with purchasing the home. These fees range from paying the lender for processing the loan, the title company for handling the paperwork, the surveyor, the register of deeds, etc. The closing costs are typically 2-3% of the price of the home. To receive a more accurate estimate of the closing costs on the home you intend to buy ask your lender. They will give you a Good Faith Estimate within three business days. This is an itemized list of the estimated fees and costs associated with your loan. If your lender does not give it to you, ask for it.