: the extra amounts of money that people need to pay when they buy a house
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Crunch the numbers carefully, then (and don't forget about mortgage refinancing closing costs), to best determine your next steps.—Matt Richardson, CBS News, 19 Mar. 2026 The money can also go toward closing costs, earnest money, insurance and property taxes, moving and home renovation projects.—Dan Avery, CNBC, 17 Mar. 2026 Fannie Mae has a good calculator, but the basic idea is to determine the total closing costs of refinancing a loan and then divide that amount by the monthly savings that the refi will mean for you.—Jill Schlesinger, Mercury News, 9 Mar. 2026 The company advances up to 70% of the equity to the seller, who can use the funds for a down payment and closing costs.—Lew Sichelman, Miami Herald, 26 Feb. 2026 See All Example Sentences for closing costs