Closing Costs Explained - Real Estate Closing Costs. For buyers, closing costs encompass appraisal fees, loan origination, inspections, and more, usually totaling between two to five percent of the home's purchase price. Sellers closing costs cover state and local taxes, commissions, and possibly other fees, which can eat into your proceeds. #closingcosts #closingcost #realestateclosing | Joe Manausa Real Estate | Facebook