Closing Costs Explained: How Much You Really Need & How to Lower Them as a First-Time Homebuyer | Closing The Deal Ep: 43

Buying a home? Don’t get blindsided by the hidden fees at the closing table. In this episode of Closing the Deal, hosts Zach Dickson and Sam Enright break down everything you need to know about closing costs — from what they actually are, to how they’re calculated, who pays what, and how to reduce them.Whether you’re a first-time homebuyer or just haven’t bought in a while, this episode will help you feel confident when it’s time to sign those final papers.🔑 What You’ll Learn:What makes up your total closing costsHow much to expect and when they’re dueHow to negotiate seller concessions or lender creditsWhich parts are actually negotiableHow to plan ahead and save for your down payment + costsWhy having a trustworthy lender and agent matters💡 BONUS: We walk through a real-world example on a $250,000 home, showing exactly how fees, credits, and escrows come together.If you’re preparing to buy, this is the episode that could save you thousands.00:00 Intro02:30 What Are Closing Costs?05:30 Why They Exist07:30 The Value Behind the Fees10:00 Breaking Down the Costs13:30 Title Work & Prepaids16:30 Buyer Agent Commissions Update18:00 Example: $250,000 Purchase Breakdown25:00 Who Pays What28:00 Negotiating Seller Concessions30:30 Lender Credits & Assistance Programs36:00 Saving & Preparing for Closing38:30 Setting Expectations with Your Lender43:00 How to Shop Insurance and Negotiate Strategically46:00 Final Thoughts