That is 32% of the median household income in D.C. 1,571 — lower than three% of median family income. Closing costs generally vary between 1% and 5% of the price of a home. Prices include recording fees, transfer taxes, title policies, settlement companies, land surveys and appraisals. Borrowers can — and may — negotiate with their mortgage firm to lower some of the costs, together with lender charges and appraisals. Closing costs may be rolled into the buyer’s loan.

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