What are closing costs?

Buying

What are closing costs and who pays for them?



Administration fee l Appraisal fee l Appraisal review fee l Closing/escrow/settlement fee l Courier fee l Credit Report l Document preparation l Flood certification fee l Flood monitoring l Home inspection l Home warranty l Homeowner’s association transfer fee l Homeowner’s insurance l Homeowners insurance impounds l Lender’s Inspection fee l Loan discount l Loan Origination Fee l Loan tie-in fee l Mortgage broker fee l Mortgage insurance impounds l Mortgage insurance l Notary fees l Pest inspection l Pre-paid interest l Property tax impounds l Recording fees l Sub-escrow fee l Tax service fee l Title insurance l Underwriting fee l Up front mortgage insurance premium l VA funding fee l Warehousing fee l Wire transfer fee