Closing Costs in Colorado: What Buyers and Sellers Should Expect

Jerad Larkin
Nov 3
2 min read

Introduction: Beyond the Purchase Price

When buying or selling a home in Colorado, the purchase price isn’t the only expense. One of the most common questions is: “What are closing costs in Colorado, and how much should I budget?”

Wondering how much closing costs are in Colorado? Jerad Larkin and Chicago Title Colorado explain typical fees, who pays, and what to expect at closing.

Closing costs cover the various fees tied to finalizing a real estate transaction. In this blog, we’ll break down what closing costs include, how much they typically run in Colorado, and why Jerad Larkin and Chicago Title Colorado are trusted to help buyers and sellers navigate them.

What Are Closing Costs?

Closing costs are the fees and expenses paid at the time of closing that are not part of the home’s purchase price. They typically include:

Title Insurance - Owner’s and lender’s policies.
Escrow Fees - For handling funds and documents.
Recording Fees - Charged by the county to record the deed and mortgage.
Loan Fees - Origination, underwriting, or appraisal costs (for buyers using financing).
Taxes or HOA Fees - Prorated property taxes or association dues.

How Much Are Closing Costs in Colorado?

Closing costs in Colorado usually range between 2% and 5% of the purchase price. For example:

On a $500,000 home, closing costs might range from $10,000 - $25,000.
The exact amount depends on the county, loan type, and contract terms.

Who Pays Closing Costs in Colorado?

In Colorado, payment responsibilities are negotiated in the purchase contract, but common practices include:

Buyer: Pays lender’s policy, loan fees, appraisal, and recording fees.
Seller: Often pays owner’s policy and real estate commissions.

Each deal is unique, and in competitive markets like Denver, buyers may offer to cover more costs to strengthen their offers.

Closing Costs for Buyers vs. Sellers

Buyers:

Loan origination fees.
Lender’s title insurance policy.
Recording fees.
Escrow fees (often split with seller).

Sellers:

Owner’s title insurance policy.
Real estate commissions.
Prorated property taxes.
Escrow fees (often split with buyer).

Why Closing Costs Are Worth It

Though closing costs may seem like extra expenses, they cover essential protections and services, including:

Title insurance to protect ownership.
Escrow services to secure funds.
Accurate recording of property transfer.

Without these services, transactions would carry significant risk.

Why Choose Chicago Title Colorado for Closings

Jerad Larkin and Chicago Title Colorado provide:

Clear cost breakdowns so buyers and sellers know what to expect.
Smooth, transparent escrow services to handle funds.
Local expertise with county-specific recording requirements.
Educational resources for agents and homeowners.
A trusted reputation across Denver, Colorado Springs, and the Front Range.

Real-Life Examples

A Denver buyer praised Chicago Title for providing a clear estimate of closing costs weeks before closing.
A Colorado Springs seller appreciated how escrow services ensured accurate tax prorations.
A Fort Collins agent built client trust by sharing Chicago Title’s detailed closing cost breakdowns.

Conclusion

So, what should you expect for closing costs in Colorado?

Plan for 2–5% of the purchase price, with specific responsibilities split between buyer and seller. With Jerad Larkin and Chicago Title Colorado, you’ll gain clarity, security, and peace of mind throughout the process.