![Row of houses with illustrated circles](https://www.bankrate.com/2023/02/13132532/banking-FHA-closing-costs-What-they-are-and-how-much-they-cost.jpg?auto=webp&fit=crop&width=230&height=150)
FHA closing costs: What they are and how much you’ll pay
Like other types of mortgages, FHA loans come with closing costs. Here’s a breakdown of what to expect.
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
Like other types of mortgages, FHA loans come with closing costs. Here’s a breakdown of what to expect.
A 40-year mortgage comes with lower monthly payments, but higher interest costs.
Which states have the highest and lowest average closing costs?
The Houston housing market moves fast, but there are ways to speed things up.
Mortgage credit certificates aim to make owning a home a more affordable reality.
You may owe interest on your mortgage right away. Here’s why and how much.
There’s one key fact that separates first-time homebuyer grants from other forms of help.
It’s your biggest defense against housing discrimination.