Closing Costs
Fannie Mae
Updated 10-31-2026
Closing Costs
Amounts paid in connection with the closing, typically itemized under "Closing Cost Details" on the Closing Disclosure. These generally include (a) loan-related amounts such as origination fees, discount points, title exam, lender's title insurance, appraisal fees, and prepaid items such as taxes and insurance escrow payments; and (b) other costs, such as owner's title insurance, real estate agent commissions, inspections, and transfer taxes.
Fannie Mae Glossary of Terms
Fannie Mae · p. 6
California Association of Realtors
Updated 10-31-2026
Closing Costs
Expenses in addition to the price of the home incurred by buyers and sellers when a home is sold. Common closing costs include escrow fees, title insurance fees, document recording fees and real estate commissions.
California Association of Realtors Glossary
California Association of Realtors · p. 3
FreddieMac
Updated 10-31-2026
Closing Costs
The costs to complete the real estate transaction. These costs are in addition to the price of the home and are paid at closing. They include points, taxes, title insurance, financing costs, items that must be prepaid or escrowed and other costs. Ask your lender for a complete list of closing cost items.
FreddieMac Glossary
FreddieMac · p. 3
FreddieMac
Updated 10-31-2026
Closing Costs
Any fees associated with the real estate and/or Mortgage transaction including, but not limited to, the following: Origination and discount points Application fees Appraisal and credit report fees Funding for a temporary subsidy buydown plan Prepaids/Escrows Legal services, settlement or escrow services, survey, title insurance, transfer taxes and tax stamps.
FreddieMac Glossary
FreddieMac · p. 7
FTC
Updated 10-31-2026
Closing Costs
The upfront fees charged in connection with a mortgage loan trans-action. Money paid by a buyer (and/or seller or other third party, if applicable) to effect the closing of a mortgage loan, generally including, but not limited to a loan origination fee, title examination and insurance, survey, attorney's fee, and prepaid items, such as escrow de-posits for taxes and insurance.
FTC Real Estate Terms
FTC · pp. 3–4
HUD Housing Counselors Glossary
Updated 10-31-2026
Closing Costs
Fees for final property transfer that are not included in the price of the property. Closing costs can include loan origination fees, discount points, appraisal fee, survey, title insurance, legal fees, real estate professional fees, prepayment of taxes and insurance, etc. Typically, closing costs range from 2% to 6% of the home's purchase price and are subject to national, state, and local tax rates, which fluctuate.
HUD Housing Counselors Glossary
p. 4
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