CLOSING COSTS Definition & Meaning

closing costs

plural noun

Personal Finance.

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.

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Example Sentences

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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.

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We’re also planning to potentially use our current mortgage originator in the refinance, which is waiving closing costs on a new loan.

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The county also agreed to pay as much as an additional $5 million in closing costs on the transaction.

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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.

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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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closing closing price

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closing costs

plural noun

Example Sentences

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