Closing costs are the amount due from you at time of closing. They’re typically about 3% of the purchase price of the home. They include your title fees, your property taxes, and your homeowner’s insurance, among other things you owe at closing.

You will likely be anxious to know the exact amount owed at closing. Your loan officer will be able to give you a close estimate, however, the precise amount hardly ever gets calculated until the week of closing. This is because closing dates occasionally gets changed. Moving the close date by only one day will change many of the costs.

Closing costs cover origination charges, title insurance, and other service fees. Here’s a great calculator to give you an idea of what will be owed on closing day.

Remember that part of your offer on a home can be asking the sellers to cover closing costs. This reduces the net amount that sellers receive at closing, so you’ll need to adjust your offer price as necessary.