closing cost
Finalizing purchase expenses
Closing costs are the fees and expenses paid when finalizing a real estate transaction, beyond the property's purchase price.
These typically include loan origination fees, title insurance, appraisal fees, attorney fees, and property taxes.
Usually plural: The closing costs added another twelve thousand to what we owed.
Estimation of worth
- originationAct of bringing forth
- underwritingRisk evaluation and acceptance
- title insuranceCoverage against ownership defects
- escrowConditional third-party deposit
recording · notary · attorney · processing · application · credit report · survey · inspection
Coverage against ownership defects
- title searchInvestigation of property ownership
- endorsementsFormal declarations of support
- clear titleUncontested ownership proof
- title companyOwnership verification business
Levy on ownership changes
- stamp dutyLevy on document transactions
- state taxRegional government revenue charge
- county taxRegional jurisdiction's charge
- registration feesPayment for official enrollment
Government charges on land
- homeowners insurancePolicy protecting residential property
- mortgage insuranceCoverage protecting lender from default
- daily interestCharge computed each day
- HOA duesPeriodic community charges
Payment showing serious intent
- contribution limitsMaximums on donations allowed
- purchase agreementBinding document for transactions
appraisal
Estimation of worth
- originationAct of bringing forth
- underwritingRisk evaluation and acceptance
- title insuranceCoverage against ownership defects
escrow · recording · notary · attorney · processing · application · credit report · survey · inspection · pest inspection
title insurance
Coverage against ownership defects
- title searchInvestigation of property ownership
- endorsementsFormal declarations of support
- clear titleUncontested ownership proof
transfer tax
Levy on ownership changes
- stamp dutyLevy on document transactions
- state taxRegional government revenue charge
- county taxRegional jurisdiction's charge
property taxes
Government charges on land
- homeowners insurancePolicy protecting residential property
- mortgage insuranceCoverage protecting lender from default
- daily interestCharge computed each day
earnest money
Payment showing serious intent
- contribution limitsMaximums on donations allowed
- purchase agreementBinding document for transactions
- feesfee, fees, service fee, service charge, flat fee
- property appraisalappraiser, market value, real estate appraisal, home value, assessor
closing costdown payment
Initial sum toward purchase
earnest money · deposit · application fee · initial investment · origination fee
close, closed, closer, closest, closely, closeness, closable, closure, enclose