In general, closing costs are usually 2% to 6% of the home’s price. FHA closing costs are in line with conventional mortgage closing costs with two main exceptions: Appraisal fee: The appraisal fee might be higher for an FHA loan. For conventional loans, the appraisal fee is usually between $300 and $400. With an FHA loan, the appraisal fee is usually between $400 and $500. Upfront mortgage premium: With an FHA loan, you have to pay an upfront mortgage insurance premium of 1.75% of the base loan amount. However, some borrowers opt to roll that cost into their mortgage amount, so you might not need to have that extra money available at closing. Whether the cost can be rolled into your loan is one of the important mortgage questions to ask your lender.