closing costs

American  

plural noun

Personal Finance.

1. fees charged to a purchaser by a bank, lawyer, etc. for services related to a sale, as title search, appraisal, etc.

2. 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.

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Example Sentences

See Examples For:

closing costs

On a $450,000 home, 20% is $90,000, and even 5% is more than $20,000 plus closing costs, which is hard to save after a job loss or foreclosure.

From MarketWatch ● Oct. 14, 2026

With all the donations, the San Bernardino Mountains Land Trust can purchase the parcel, as well as cover closing costs, taxes, legal fees and some maintenance of the land.

From Los Angeles Times ● Jul. 24, 2026

Of course, you do need to consider real-estate commissions, closing costs and necessary repairs or preparations.

From MarketWatch ● Jun. 24, 2026

To get deals done, sellers and home builders in many markets are offering concessions, such as covering the buyer’s closing costs.

From The Wall Street Journal ● May 21, 2026

There were no closing costs or other fees.

From "Drama High" by Michael Sokolove

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