The Closing Process
Preparing for closing
Understanding closing costs
Setting a closing date
At your closing
After your closing
Glossary
Understanding closing costs
Closing costs can usually be categorized in the following; buyer costs to seller, mortgage- related closing costs, and government imposed closing costs. Your expenses will usually fall in all of these three categories.
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 paid at or by closing:
- loan origination fee
- loan discount points
- appraisal fee
- credit report fee
- prepaid interest
- escrow accounts
- mortgage insurance
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This site is sponsored by the Fort Collins Board of REALTORS®, the Loveland-Berthoud Association of REALTORS®, and the Greeley Area REALTOR® Association Copyright © 2005 Kansas City Regional Association of REALTORS®