If you are purchasing a home with cash there are still closing costs involved; however, not as many. In a cash closing in Tn you will still pay a deeds stamp tax (12.00), a transfer tax, and a closing attorney fee as well as homeowner's insurance (although not required to be part of the closing in a cash transaction. Your closing costs should be less than a $1000.00 depending on the price of the home. This calculation also assumes that seller is paying title insurance. On a closing involving a mortgage, you typically will see lender fees and escrow pre-paids. Pre-paids for taxes and insurance go into an escrow account, and the homeowner's insurance is required to be paid as part of the closing which is usually a year's premium. Additionally, TN taxes the mortgage which adds additional expense. As far as steps involved, your lender, realtor, and closing attorney should be able to walk you through step by step. If you have any questions or need a realtor, please call me. 615-289-6056/615-661-4400.