Closing costs
Fees paid at settlement beyond the purchase price—title, escrow, recording, prepaids, and lender charges.
Buyers and sellers both have closing costs. Who pays specific fees is negotiable and reflected on the settlement statement.
Prepaids include property tax reserves and homeowners insurance. Loan-related costs appear on the closing disclosure from your lender.
Ask for an estimate early so cash-to-close matches your budget.
Related terms
Need this explained for your deal?
Call Dr. Jan Duffy at (702) 842-1192 or visit askdrjanduffy.com for Q&A.