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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.
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for
Compare the final
with those in your good-faith estimate, which you should have got when you applied for the loan.
To encourage that option, the program would eliminate
If you bought your home, you probably paid settlement or
in addition to the contract price.
From this premium, the lender pays any
that are incurred on the transaction.
The first is an arrangement in which the lender covers the
, but charges you a higher interest rate.
, such as appraisal fees and processing fees, generally are not deductible.
For a list of allowable and unallowable
, please follow the link below.
Sales allowances that can be used to pay
, make repairs, or pay down the mortgage amount.
do not include discount points or prepaid expenses.
If you accept the county's offer, the county will pay all
, including recording and escrow fees.
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Nearby words for closing costs
closed-end investment company