Closing Costs break down as follows:
Seller pays all of the real estate commissions, usually 3% to the buying agent, and 3% to the selling agent.
Buyer pays the following items:
1. Appriasal: $500
2. 1% Origination fee to for the loan
3. Deed, title, attorney fees: Usually $1K to $2K depending on your laywer.
4. Banks require you to escrow your insurance, PMI, and Taxes for usually 3-6 month in advance depending on your bank. Mecklenburg taxes are a little more than 1%. Doing this can be $1K to $3K depending on how much you have your loan for.
5. Banks will typically charge misc admin fees of $200 - $500 Dollars.
These are more or less the big ticket items, most of these are variables based on the total purchase price.