2026 Arizona Closing Costs Guide | Roadrunner AZ
Closing costs are the fees paid at the end of the home buying process to finalize the mortgage and transfer ownership of the property. For homebuyers in Arizona, these costs typically range from 2% to 4% of the home's purchase price. Understanding these fees is a crucial part of budgeting for your new home.
What's Included in Closing Costs?
Closing costs are a collection of separate fees required to complete the transaction. They can be grouped into three main categories:
- Lender Fees: These are costs charged by the mortgage lender to originate, underwrite, and process your loan. This can include an application fee, processing fee, and points (a fee paid to lower your interest rate).
- Third-Party Fees: These are fees for services provided by other companies. The most common are the appraisal fee, title insurance fees, and the home inspection fee.
- Prepaids and Escrow: These are not technically fees, but rather upfront payments for items you will be responsible for as a homeowner. This includes prepaying for your first year of homeowners' insurance and property taxes, which are held in an escrow account.
Who Pays the Closing Costs?
While the buyer is responsible for the majority of closing costs, it's common in Arizona to negotiate for the seller to contribute a certain amount toward these fees. This is known as a 'seller concession' and can be a powerful negotiation tool, especially for first-time homebuyers, as it reduces the total amount of cash you need to bring to the closing table.
Want a personalized estimate of your potential closing costs? It's a key part of our pre-approval process. Get started today.
Jonathan Moses
Senior Loan Officer | NMLS #2064741
This guide was prepared by Jonathan Moses (NMLS #2064741), the senior loan officer and founder of Roadrunner AZ Lending. With years of experience in the Phoenix and Scottsdale markets, Jonathan is dedicated to providing expert, transparent advice. Learn more about Jonathan.