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.