: the extra amounts of money that people need to pay when they buy a house
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That’s free enterprise — but Broward would pony up $17 million for the land and closing costs.—Sun Sentinel Editorial Board, Sun Sentinel, 15 Apr. 2026 Buying comes with costs to get in—down payment, closing costs, moving—and costs to get out (real estate commissions, moving).—Bydoug Ashburn, Encyclopedia Britannica, 15 Apr. 2026 This money is most commonly used to ease the down payment burden, but some can also be used for closing costs, reductions in the loan’s principal or even property repairs.—Lew Sichelman, Miami Herald, 15 Apr. 2026 These mortgage loans can sound appealing because closing costs run 2% to 5% of the loan amount.—Tim Maxwell, CBS News, 7 Apr. 2026 See All Example Sentences for closing costs