closing costs
Americanplural noun
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fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.
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any expenses over the purchase price of a house, land, etc., that is paid by the purchaser or seller at the completion of the sale.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In terms of dollars, in 2024, the median home cost was $412,500, which means the potential homeowner would need $26,800 in cash to cover both the closing costs and a 3.5% down payment.
From MarketWatch • Dec. 16, 2025
Banks use asset-depletion underwriting for retirees: They total your liquid assets, subtract your down-payment and closing costs, divide by 360 months, and add that to your monthly income.
From MarketWatch • Nov. 24, 2025
With a VA loan, borrowers only need to cover standard closing costs, which are similar for both types of loans.
From The Wall Street Journal • Nov. 11, 2025
Other incentives might include helping buyers secure a lower mortgage rate or offering to pay some closing costs.
From BBC • Sep. 24, 2025
There were no closing costs or other fees.
From "Drama High" by Michael Sokolove
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
