What are Closing Costs?

Closing Costs Definition

The fees that are paid at the end of a real estate transaction. They can include real estate commission, fees for an attorney, title search, and title insurance payments (if paid upfront). For FHA Streamline Refinancing, the closing costs are reduced with no credit check or appraisal, but there will likely be lender fees and insurance costs. Closing costs can sometimes be rolled into the loan balance and paid over time.

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