08/26/2026
Many homebuyers are confused about closing costs. How much they are, what they are for, and when they come into play.
Closing costs are the expenses associated with finalizing your home purchase, and are typically payable at closing. They may include things like lender fees, title services, recording fees, and prepaid property taxes and homeowners insurance.
The good news? You won't be surprised by these costs at the closing table. Your Loan Estimate outlines your projected closing costs so you can review them well before closing day.
Every loan and every transaction is different, so closing costs will vary depending on your situation. Your loan officer will walk you through your Loan Estimate and answer any questions along the way.