Closing costs aren’t always involved. When borrowers finish their home loans, each mortgage lender imposes its own fees, which are ultimately transferred to the borrowers. Closing expenses typically represent 2% to 5% of the total loan amount. Your closing costs should be included in your loan estimate so you know what charges to anticipate. In order for you to understand exactly what you’re paying for, your lender should spell down each cost for you in your closing disclosure.