Home buyers should be aware that getting a mortgage encompasses more costs than just the monthly payment. The home buying process involves various people from the sales contract signing on. It is well worth bearing this in mind. These people are compensated through what is known as closing costs. The tasks that need to be completed when the loans closed are the fees that the closing costs consist of. The region you purchase your home in dictates your closing costs. Since different areas of the country tax differently, your closing costs will vary. Also regional fees for attorneys, realtors, and lenders vary with incur different for closing costs as well. Normally closing costs are 3-6% of your total loan amount. Anywhere from $3,000-$6,000 for a $100,000 loan. Many of the fees associated with the closing costs can be negotiated. Lenders must provide you with an estimate of the fees you will be required to pay within three days of receipt of your application. After getting the fee list you may negotiate the fees with the lender. Some buyers are also to negotiate to have the seller pay some of the closing costs. Closing cost fees are associated with three major tasks in the home buying process: the cost of getting the loan, the property’s transfer of ownership, and state and local government taxes.