Closing Costs

Definition of "Closing costs"

Fees and expenses incurred by a homeowner in negotiating and financing the acquisition of a home and paid at the closing. Closing costs include the loan, loan origination fees, points, title search and insurance, appraisal charges, and other miscellaneous costs such as mortgage taxes and credit reports.

Search Real Estate Glossary

Related Real Estate Glossary terms

Qualified Personal Residence Trust (qprt)

Trust instrument that permits the owner of a residence (grantor) to transfer ownership of that resid ...

Construction Loans

Also called interim financing. A mortgage that provides the funds necessary for the building or con ...

Industrial Tract

Land zoned for industrial use including manufacturing, factory office and warehouse space, research ...

Terminal Funding

Former method of funding a pension plan. When employees retire, the employer sets aside a lump sum t ...

Home Equity Line Of Credit (HELOC)

A mortgage set up as a line of credit against which a borrower can draw up to a maximum amount, as o ...

Trade Name

Word, or group of words, that identifies a business or one of its products. The name is registered w ...

Related Real Estate FAQ

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? How is Square Footage Determined? Why Use a Real Estate Agent? Real Estate Open House - The Dos and Don

FAQ

Should I Pay Extra Each Month? What is the Tax Benefits of Buying a Home? What is the difference between a real estate broker and a real estate agent? What is a gated community? What is a subprime mortgage?