When buying or selling a home, it's important to consider the closing costs involved. For sellers, the total closing costs can be around 8-10% of the sale price, with realtor commission typically making up 5-6% of that total. Other costs can include title transfer fees, taxes, and various other fees. As for buyers, the closing costs can vary depending on the type of loan. First-time home buyers can qualify for programs with as little as a 3.5% down payment, while conventional loans require 3-20% down payment. Regardless of the loan type, buyers can expect to pay at least 2% of the total sale price in closing costs, which can include title transfer fees, insurance, inspections, appraisal, escrow, and title fees.