• Closing costs are fees paid at the closing of a real estate transaction. Some common closing costs include:
    • Title insurance: Protects the buyer’s ownership of the property.
    • Appraisal fee: The cost of assessing the property’s value.
    • Loan origination fee: A fee charged by the lender for processing the loan.
    • Property taxes: Prorated taxes for the portion of the year the buyer owns the property.
    • Homeowner’s insurance: A policy that protects the property from damage.
    • Attorney fees: Legal fees for reviewing documents and representing the buyer.