Closing Costs for Charleston Homebuyers: What You’ll Actually PayBy Brandon Bott — Charleston Realtor Since 2012
A lot of buyers focus on the down payment — but forget about closing costs until late in the process.
In Charleston, closing costs are very normal, very predictable, and very manageable if you plan for them up front.
Here’s a clear breakdown.
1. What Are Closing Costs?
Closing costs are the fees and expenses associated with:
Getting your loan
Transferring ownership
Recording everything with the county
They’re separate from your down payment.
2. Typical Buyer Closing Cost Range
Most Charleston-area buyers can expect closing costs around:
Roughly 2–4% of the purchase price, depending on loan type, rate choice, and prepaid items
Your lender can give you an itemized estimate early on.
3. Main Categories of Buyer Closing Costs
Loan-related costs:
Origination / underwriting fees (if any)
Credit report
Appraisal fee
Prepaid items:
Homeowners insurance (usually 1 year paid up front)
Property tax escrows
Daily interest between closing and first payment
Title & legal fees:
Attorney fee (South Carolina uses closing attorneys)
Title search
Title insurance (highly recommended)
Recording fees
Other:
Survey (optional but recommended in many cases)
Home inspection (paid at time of service)
Termite / CL-100 inspection
4. Can You Roll Closing Costs into the Loan?
Sometimes, yes — in certain circumstances:
You might be able to choose a slightly higher interest rate in exchange for a lender credit
Or negotiate a seller credit toward closing costs (more common in certain price bands or submarkets)
It’s all about the overall math, not just the line items.
5. How to Avoid Surprises
To stay in control:
Ask your lender for a detailed fee breakdown up front
Revisit numbers again once you’re under contract
Work with an agent who explains which costs are normal and which are negotiable
This way, your final number on closing day feels expected — not painful.
Final Thoughts
Closing costs in Charleston are very standard and manageable — especially when you know what’s coming. The key is understanding them early and structuring your deal smartly.
Call or text me at 843-754-9737.
