What is included in my “Closing Costs” and how much will they be?
“Closing costs” are the costs a lender charges for funding and completing your loan and are generally charged at the time of closing. They often include items such as: Discount Points (fees paid to the lender to lower your interest rate), Origination fees, Title search and Title insurance, Home Appraisal and Credit Report fees, as well as prepaid items such as taxes and insurance. Closing costs vary greatly depending on the amount of your loan and your state, county, and/or metropolitan area.
