Buying a Home

Closing Costs

One way to review the costs associated with your closing is to define them as seller versus buyer costs , mortgage-related closing costs , and government-imposed closing costs .

Make sure that any agreement regarding "seller versus buyer costs" is specified in the sales contract . Mortgage-related closing costs can vary, but the following are typically paid at or by closing:

• loan origination fee
• loan discount points
• appraisal fee
• credit report fee
• assumption fee
• prepaid interest
• escrow accounts

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