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closing costs
plural noun
- fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.
- any expenses over the purchase price of a house, land, etc., that is paid by the purchaser or seller at the completion of the sale.
Example Sentences
And if you’re taking out a loan to finance the renovation, you’ll also have to factor in interest rates, closing costs and other loan fees.
We’re also planning to potentially use our current mortgage originator in the refinance, which is waiving closing costs on a new loan.
The county also agreed to pay as much as an additional $5 million in closing costs on the transaction.
For example, a buyer can offer to pay $850,000 for a house if the seller gives them $30,000 back, which the buyer would then use to pay their agent and other closing costs.
For example, a buyer could offer $850,000 for a house if the seller gives them $30,000 back, which the buyer would then use to pay their agent and other closing costs.
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