Connecticut Home Closing Costs

Closing costs depend on your financing, property and sale terms. Use this guide to prepare your questions, then review your transaction’s estimates with your lender and closing attorney.

Mortgage Origination Fees (Buyers)

Lenders may charge fees for processing, underwriting and arranging your mortgage. Compare these charges along with the interest rate, and review the amounts on your Loan Estimate and Closing Disclosure.

Credit Report Fees (Buyers)

Your lender may charge for obtaining your credit report. Check your Loan Estimate and ask your loan officer to explain the fee.

Discount Points (Buyers)

Discount points are an upfront charge paid for a lower mortgage interest rate. Ask your lender to compare options with and without points and explain when payment savings would offset the cost.

Appraisal Fees (Buyers)

An appraisal provides an independent opinion of a property’s value. Your lender may require one and charge you for it. Review the estimated fee on your Loan Estimate.

Title Insurance (Buyers)

Lender’s title insurance protects the lender’s interest. An owner’s policy can protect your investment against covered title problems. Ask your closing attorney which policies apply, what they cover and what they cost.

Private Mortgage Insurance (PMI) (Buyers)

PMI is often required on conventional loans with a down payment below 20%. It protects the lender. Premiums may be paid monthly, upfront at closing, or both. Ask your lender about your options.

Real Estate Agent Fees (Sellers)

New Door Realty offers a full-service 1% listing fee. This listing-side fee is separate from other closing costs and any agreed buyer-broker compensation. Your written brokerage agreement explains the services, compensation and terms that apply to your sale.

Conveyance Tax (Sellers)

Connecticut transfers can involve state and municipal conveyance taxes. The amount depends on the property, sale price, location and any applicable exemption. Ask your closing attorney for an estimate specific to your sale.

Attorney Fees (Buyers and Sellers)

Your attorney charges for the legal services provided during your purchase or sale. Ask for a written estimate and confirm which services and third-party expenses are included.

Other Closing Costs (Buyers and Sellers)

Other amounts may include prepaid interest, property taxes, homeowners insurance and escrow deposits. Review your lender’s disclosures and your closing attorney’s estimate to understand the charges and funds needed at closing.

Helpful resources: CFPB Loan Estimate guide · Connecticut conveyance-tax information