• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Quick Search

Search by Map

New Property Alerts

Free Home Value

Talk To Randelle Right Now!

Have a question? Give me a call at 213-254-7626, or you can click my photo for more options to call or email and I will contact you right away.

Trending Searches

  • Newest Downtown LA Lofts
  • All Downtown LA Lofts
  • The Financial District Lofts
  • The Fashion District Lofts
  • South Park Lofts
  • City West Lofts
  • Bunker Hill Lofts
  • Little Tokyo Lofts
  • The Historic Core Lofts
  • The Arts District Lofts
  • Barker Block Lofts for Sale
  • Barker Block Lofts for Lease
  • Barker Block Warehouse One for Sale
  • Biscuit Company Lofts for Sale
  • Biscuit Company Lofts for Lease
  • 1100 Wilshire Lofts for Sale
  • Barker Block Warehouse One for Lease
  • Toy Factory Lofts for Sale
  • 940 E 2nd Street Lofts for Lease

The RandelleGreen GroupThe RandelleGreen Group

Downtown Los Angeles Lofts

  • Home
  • Search
    • Advanced Search
    • Address Search
    • Map Search
    • Listing ID Search
    • Hot Property Alerts
    • My Account
  • Districts
    • The Arts District
    • The Historic Core
    • Little Tokyo
    • South Park
    • Bunker Hill
    • City West
    • The Fashion District
    • The Financial District
  • All Lofts/Condos
    • Luxury Apartments
    • All DTLA Lofts
  • Buying
    • Get Started
    • Mortgage Calculator
    • Buyer Tips & Tools
  • Selling
    • What’s Your Home Worth
    • Selling with Broker Randelle Green
    • Marketing Your Loft or Condo
    • Seller Tips & Tools
    • Sold Properties
  • About
    • About Randelle Green
    • What Our Clients Say
    • Contact
  • Blog
SearchClose

How Much Are Closing Costs When You Buy a Condo in Downtown Los Angeles?

How Much Are Closing Costs When You Buy a Condo in Downtown Los Angeles

The term closing costs refers to the amount of money you have to pay before you can sign the dotted line that makes a condo or loft yours. If you’re buying a condo in DTLA, you’ll end up paying some closing costs – unless, of course, the seller agrees to pay them for you.

It’s a big range, but what we can tell you is that closing costs are usually somewhere between 2% and 7% of a home’s purchase price.

But let’s break it down farther.

How Much Are Closing Costs When You Buy a Condo in Downtown Los Angeles?

If you buy a $500,000 condo in DTLA and your closing costs are on the low end of the spectrum, they could be around $10,000. If they’re on the high end of the spectrum, they could be around $35,000. Most fall somewhere in the middle, though.

Where Do Closing Costs Go?

Typically, closing costs go to third-party vendors. You might pay:

  • Appraisal, which you have to pay for but your lender will require.
  • Credit report fees, which your lender charges.
  • Home inspection costs, which you’ll pay for at the time of the inspection (usually).
  • Loan origination fees, which are what your lender charges to process your loan.
  • Taxes, which go to the government for the money you’re borrowing for your mortgage.
  • Title search fees, which you’ll pay to a title insurance agency.
  • Underwriter’s fees, which your lender charges.

But there are ways you can save on closing costs – like through the home inspection. You are free to choose any home inspector you’d like, and you don’t have to hire the most expensive. You can also ask the seller to pay some (or all) of your closing costs.

Some loans, such as VA loans, limit the amount you can be charged in closing costs.

Are You Buying a Loft or Condo  for Sale in DTLA?

Call us at 213-254-7626 or get in touch with us online to start exploring your options when you want to buy a loft or condo in downtown Los Angeles.

While you’re here, check out our:

  • DTLA Arts District lofts for sale
  • Historic Core lofts for sale
  • DTLA Little Tokyo lofts for sale
  • Bunker Hill lofts for sale
  • City West lofts for sale
  • South Park lofts for sale
  • Fashion District lofts for sale
  • Financial District lofts for sale

Posted in: Blog, Buyers, Mortgages Tagged: Buying a Home, Closing Costs

Search Smarter!

Did you know the hottest Downtown Los Angeles Lofts often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

New Property Alerts

As a local Downtown LA Real Estate Agent I also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me at your convenience. There is no obligation and or pressure… I hope to hear from you!

Post navigation

« Mortgage Terms You Need to Know in 2019
3 Common Mortgage Questions, Answered »

Talk To Randelle Right Now!

Randelle Green
Have a question? Give me a call at 213-254-7626, or you can click my photo for more options to call or email and I will contact you right away.

Connect with The RandelleGreen Group:

Featured Post

Downtown Broker/Realtor Randelle Green

Barker Block Sales (Over $10.5m SOLD) *6 Yr Personal Sales Totals!!

Veteran DTLA Broker Randelle Green’s personal sales totals (representing Sellers and Buyers) in less than 6 years at the renowned Barker Block (The King of The Arts District). Leading the way through one of Downtown’s most impressive and popular warehouse loft complexes. Looking to Buy or Sell, you know who to call! The RandelleGreen Group……I […]

Contact Randelle Green

Downtown LA Lofts & Condos

213-254-7626
green@therandellegreengroup.com

Follow Us

The RandelleGreen Group

Downtown LA Lofts and Condos

213-254-7626
green@therandellegreengroup.com

Downtown LA Lofts & Condos
Los Angeles, Ca 90015

AREAS WE COVER:

Arts District, Historic Core, Little Tokyo, Bunker Hill, City West, South Park, The Fashion District, The Financial District, Newest Downtown Los Angeles Lofts & Condos, All Downtown Los Angeles Lofts & Condos

Connect with The RandelleGreen Group

© 2023 · The RandelleGreen Group · Randelle Green · 213-254-7626 · Privacy Policy · Terms of Service · Sitemap · IDX Sitemap · IDX XML Sitemap

Disclaimer - All Rights Reserved by TheRandelleGreenGroup.com

Log in · Real Estate Websites Logo | Downtown LA Lofts & Condos