closing costs

noun

: the extra amounts of money that people need to pay when they buy a house

Examples of closing costs in a Sentence

Recent Examples on the Web That deal could have taken nearly $12,000 off the purchase price or closing costs of the home, Coursey said. Nick Rosenberger, Idaho Statesman, 15 Apr. 2024 It can be used for down payments and closing costs, or even in conjunction with a separate but related program. Chris Morris, Fortune, 8 Apr. 2024 Sellers will not have to pay any realtor commissions, or any of the extra closing costs associated with listing it. Kc Property Group, Kansas City Star, 7 Apr. 2024 Budget for a down payment, closing costs and your expenses after buying a home Another way to reduce your monthly mortgage payment is to make as big a down payment as possible. Jeanne Sahadi, CNN, 4 Apr. 2024 To start with, the closing costs associated with selling and then buying a home (broker commissions, inspection and appraisal fees, loan-origination fees, etc.) would easily take up most if not all of that $10,000. The Editors, National Review, 25 Mar. 2024 Few individuals can quickly save up for a downpayment, along with other home-purchase closing costs, while also diverting a lot of money into a workplace 401(k) plan or some type of Individual Retirement Account. USA TODAY, 24 Mar. 2024 In that case, buyers will have to pay their own agent out of pocket, on top of a down payment and other closing costs. Scott Horsley, NPR, 22 Mar. 2024 Some agents, however, worry shifting how commission fees are paid could hurt first-time homebuyers already straining to afford the Bay Area’s hefty down payments and closing costs. Ethan Varian, The Mercury News, 19 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'closing costs.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Closing costs.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/closing%20costs. Accessed 24 Apr. 2024.

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