That is 32% of the median household earnings in D.C. 1,571 — lower than 3% of median household earnings. Closing prices typically range between 1% and 5% of the price of a home. Costs embrace recording charges, transfer taxes, title policies, settlement services, land surveys and appraisals. Borrowers can — and should — negotiate with their mortgage firm to decrease some of the costs, together with lender fees and appraisals. Closing prices might be rolled into the buyer’s loan.

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