A good rule of thumb is to budget up to 6% of the purchase price for closing costs. In practice, the total usually lands just above 5%, though for higher-priced properties it can climb to 6.5%.

Typical closing costs break down as follows:

- appraisal, transfer, and legal fees, plus the acquisition tax — all charged through the notario — which together come to roughly 6%.

- $300 to $500 USD for the buyer's share (half) of the escrow fee.

- $400 to $500 USD per foreigner named on the deed, for the SRE permit each must have in order to purchase.

- Possibly a few hundred dollars more if any buyer needs someone to close on their behalf under a Power of Attorney (POA). A POA executed locally in Guanajuato usually costs under $500 USD. If it's signed and notarized abroad and requires an apostille or a visit to a Mexican consulate, the cost rises — but will likely still stay under $1,000 USD.

- An additional $1,000-$2,000 USD included in your final transfer as a cushion against exchange rate movement, which affects the peso-denominated portion of the closing costs. Barring a dramatic rate change between contract and closing, most of this buffer is refunded to the buyer.