how much are closing costs in los angeles?

Asked by Jan, Denver, CO Sat Mar 22, 2008

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Maggie, your…, , Long Beach, CA
Sat Mar 22, 2008
Dear Jan,

As Monique so well described, closing costs depend on the sales price as well as the local taxes, escrow fees, etc.

The following information is designed to help borrowers understand the types of closing costs involved in obtaining a first mortgage. The costs will vary depending on the city, county, type of mortgage and loan amount.
Items Payable in Connection With Your Loan
Loan Origination Fee-Typically 1% of the loan amount ( $100,000 loan would be $1,000).
Appraisal Fee $275.00
Credit Report $65.00
Tax Service Fee $70.00
Underwriting Fee $300.00
Flood Certificate $25.00

Pre Paid Items
Interest-will be between 1-30 days, depending on when in the month you close
Hazard Insurance - 1 year premium

Hazard Insurance - 2 -3 Months
Taxes - 2 - 3 Months
Mortgage Insurance - 2-3 Months if applicable

Title Charges
Closing Fee $125.00
Title Policy $75.00-$750+ Depending on loan amount, purchase or refinance
Endorsements $75.00
Courier Fee $20.00

Recording & Transfer Fees
Recording Fees $45.00
Documentary stamps (varies by state)
Intangible tax and stamps on mortgage (varies by state)

Additional Charges
There may be additional costs which vary depending on the lender and the buyer's credit. At least this information can serve as a guide for what is involved in closing costs.

Should you have any other questions, please feel free to contact me at


3 votes
Sam Andress, , 91344
Mon Aug 3, 2015
Dear Jan,
As has been said, they vary widely based on factors of your transaction.

I am currently covering most and in some cases all closing costs upon close of a new sale or purchase. If you are looking for a Realtor in Los Angeles, I would be happy to discuss my services with you.

Best to you!

Sam Andress, Realtor
CalBRE Lic. #01979536
0 votes
Arvin Sahaki…, Agent, Huntington Beach, CA
Thu Jul 30, 2015
Hi Jan,

Here is an awesome Mortgage Closing Cost Calculator:…

Simply type in your loan amount, the origination fee your paying to attain the loan (Usually 1%-2%), your quoted interest rate for the mortgage and your property tax rate (in Los Angeles, it is approximately 1.1% of the property value)

You will be able to see a breakdown of all the closing costs involved in your transaction.

Hope this helps!

0 votes
John Michael…, Home Buyer, Los Angeles, CA
Tue Jul 21, 2015
1.88% of the transfer value
0 votes
Taylor Cress…, Agent, Palm Harbor, FL
Wed Apr 30, 2014
There are many variables that can contribute to this. I would be glad to discuss it in more detail with you, if you call/text me at (424) 302-8008 or email me (

Feel free to also check out

For some FREE informative articles & reports for sellers.

Also has properties that are currently available for sale.

Taylor Cresswell
Real Estate Agent
BRE# 01945015
(424) 302-8008
0 votes
Oscar Gonzal…, Agent, Norwalk, CA
Sat Apr 26, 2014
Hi Jan,

Closing costs are roughly 3% of purchase price.

Oscar Gonzales
WestCo Realty
0 votes
Peter Luis G…, Home Buyer, Richardson, TX
Mon Apr 21, 2014
Hello, how much do I need to put down to purchase a home in the county of los angeles. whats the percentage that a Bank is asking to purchase a house.
0 votes
John Christo…, Agent, Los Angeles, CA
Mon Jul 22, 2013
A good rule of thumb regarding closings costs, not including any commissions paid, is 2% of the sales price. This can vary slightly from deal to deal, but will give you a general idea as to what to expect to pay in regards to traditional closing costs.
0 votes
Robert Chome…, , San Diego, CA
Tue Jun 11, 2013
It really depends a lot of the purchase price and if you have property taxes & insurance impounded by the lender or not. They can range from less then 1% of purchase price to 3%+ of purchase price if getting impounds and a lower loan amount.
0 votes
ru123ben, Home Buyer, Los Angeles, CA
Tue Jun 11, 2013
what is total closing cost for a first time home buyer
0 votes
Ba, Home Buyer, Los Angeles, CA
Sat Sep 1, 2012
If i pay cash for a $400,000 townhouse in LA, CA.
How much do i have to pay for the closing costs. Thank you.
0 votes
Steve & Zee…, Agent, Los Angeles, CA
Mon Oct 20, 2008
We tell our clients to factor about 1.5% of the purchase price. This is usually a safe way to estimate your closing costs without being surprised at the endof the deal
0 votes
Jodie Franci…, Agent, Studio City, CA
Sun Mar 23, 2008
Hi Jan,

Short and sweet, I use 2% of the purchase price as an approximation that would not include your commissions if you are the seller. As both Maggie and Monique pointed out, it depends on a number of things, including the price.
0 votes
Monique and…, Agent, Beverly Hills, CA
Sat Mar 22, 2008
Hello Jan,

Closing costs depend on the sales price. A few other variables include If you have any prepayment penalties on your loan or owe any back taxes. If you are paying for a home warranty, giving the buyer any credits and also how much termite work your home may need and also what the commision is to the agent that lists and sells your home. Title and escrow fees are usually based on the sales price. Also in Los Angeles we have a County and City transfer tax. Also how much it costs to get your home compliant with water conservation items (toilets, shower heads), smoke detectors and gas shut off valves for earthquakes. For an accurate calculation please shoot me an email. I know there are some agents on Trulia Voices that may be just trying to get a listing or a sale, but honestly the best way to provide an accurate calculation is to look at your paticular scenereo. Feel free to shoot me an email at


0 votes
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