Home » Real Estate Law » Mortgages » What are Closing Costs?

Closing costs are the various fees associated with buying or selling a home. Both the buyers and sellers pay closing costs, but the amount each pays depends on the state or locality. Closing costs include title insurance, escrow, closing day fees, appraisal fees, document fees, interests and property taxes. Sometimes those fees are rolled into the mortgage, but, unless they are, they must be paid when the mortgage is finalized.

Related Mortgages Articles