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30 Examples of Closing Costs

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Closing costs are a number of fees and costs related to completing a real estate transaction. These include down payment, taxes, legal fees, appraisal fees, administrative fees, financing fees and insurance. Closing costs include both one time fees such as appraisal fees and recurring costs such as property taxes. The following are common examples of closing costs.
Administrative fees
Appraisal fee
Attorney fees
Bridge financing costs
Brokerage fees
Condo or co-op fees
Courier fees
Credit report fee
Document related fees
Down Payment
Escrow fee
Goods and services tax or harmonized sales tax
Government recording and transfer charges
Home inspection fee
Home warranty fees
Homeowners association fees
Homeowners insurance
Land transfer taxes
Loan origination fee
Loan related fees
Mortgage insurance
Notary fees
Other taxes and fees
Property survey fee
Property taxes
Real estate agent commissions
Settlement or closing fee
Title insurance
Title search fee
Transfer taxes
Closing costs differ by location and transaction.
Overview: Closing Costs
Fees and taxes that are paid at the close of a real estate transaction.
Many areas impose land transfer taxes.
In some cases, value added taxes apply to the price of a new home.
Purchasers may require bridge financing if they buy a new home before they sell their old home.
Land surveys, appraisal fees or an estoppel certificate that verifies the financial health of the legal entities associated with a condominium.
Insurance, down payment, first payment and banking fees may be required to initiate a mortgage.
Legal fees and administration fees related to completing the sale agreement and registering the property in your name.
Related Concepts
More about cost of living:
Business Costs
Closing Costs
Cost Of Living
Discretionary Expenses
Household Expenses
Personal Expenses
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