Closing Costs for Home Buyers in Gwinnett County: Full Breakdown
Buying a home is exciting, but if you’re a first-time buyer or new to Georgia, closing costs can feel overwhelming. Beyond your down payment, there are additional fees and expenses due at closing that are important to plan for. Let’s break down what closing costs typically look like for buyers in Gwinnett County, GA and why they matter.
What Are Closing Costs?
Closing costs are the fees and expenses paid at the end of a real estate transaction, separate from your down payment. These costs cover services that make the transaction possible - from your lender and attorney to taxes and insurance.
How Much Are Closing Costs in Georgia?
In Georgia, closing costs generally range from 2%–5% of the home’s purchase price. For example, if you’re buying a $350,000 home in Gwinnett, you might expect to pay between $7,000–$17,500 in closing costs.
Common Closing Costs in Gwinnett County
Here’s what you can expect to see:
Loan Origination Fees – Typically 0.5%–1% of the loan amount, this covers your lender’s administrative costs.
Appraisal Fee – Around $500–$700, paid to confirm the home’s value.
Home Inspection – Optional but highly recommended, usually $350–$600.
Attorney Fees – In Georgia, attorneys handle closings. Expect $900–$1,500 depending on complexity.
Title Search & Title Insurance – $600–$1,200, protecting against title disputes.
Recording Fees & Transfer Taxes – Around $1,000–$1,500 in Gwinnett.
Prepaid Costs – Homeowners insurance, property taxes, and interest that you pay upfront to set up your escrow account.
Do Sellers Ever Pay Closing Costs?
Yes! In some cases, sellers in Gwinnett may agree to cover part of the buyer’s closing costs as a concession - especially in slower markets or when a home has been on the market longer.
How Buyers Can Prepare
Get a Loan Estimate Early – Lenders are required to provide an estimate of closing costs within three days of applying.
Save Beyond the Down Payment – Aim to set aside at least 3% of the purchase price for closing costs.
Work With an Experienced Agent – At Eterno Realty Group, we help our buyers understand their options and negotiate where possible to minimize upfront expenses.
Final Thoughts
Closing costs are a necessary part of the home buying process, but with the right preparation, they don’t have to be stressful. If you’re planning to buy a home in Gwinnett County or anywhere in Metro Atlanta, our team can walk you through every step - from budgeting for closing to moving in.
Thinking of buying this year? Let’s connect and build a plan that works for you.