closing costs

noun

: the extra amounts of money that people need to pay when they buy a house

Examples of closing costs in a Sentence

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Meanwhile, closing costs on home equity loans can range from 2% to 5% while origination fees for a new debt consolidation loan can be as high as 10% of the loan. Mallika Mitra, Sacramento Bee, 26 Feb. 2025 The program provides zero-interest loans to help cover down payments and closing costs for first-time homebuyers who were impacted by housing discrimination in Washington. Melissa Santos, Axios, 26 Feb. 2025 The City Council unanimously agreed Feb. 25 to spend roughly $3 million (plus $45,000 in closing costs) on the property, a now vacant plot of trees and bramble along Ten Mile Bridge Road squeezed in between subdivisions north of Northwest Loop 820. Jaime Moore-Carrillo, Fort Worth Star-Telegram, 25 Feb. 2025 Unlike simple interest rates, APR reflects the total cost of a loan, including origination fees, closing costs, and other charges. True Tamplin, Forbes, 21 Feb. 2025 See All Example Sentences for closing costs

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“Closing costs.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/closing%20costs. Accessed 3 Mar. 2025.

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