Closing Costs to Expect

  1. Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
  2. Third-party fees include charges for insurance, title search, and other inspections such as termites.
  3. Government fees include deed recording and state & local mortgage taxes.
  4. Escrow and interest fees include homeowner’s insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.