Home Buying Process	|	Financing	|	Consumer Issues	|	Education	|	About	|	Home
Can I be a homeowner? Finding a home Making an offer on a home Applying for a loan Inspections The closing process Real Estate loan glossary Important Resources				Your credit Predatory lending Finding a healthy home

The Closing Process

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