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Closing Costs

Closing costs are the thousands of dollars in fees associated with getting a mortgage or refinancing a home loan and typically amounts to 2 percent to 5 percent of the loan principal but can vary by state.

Latest Closing Costs Articles

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    8 ways to get the best mortgage rate

    Get the best mortgage rate The day has come: It’s time to buy your first home. But, the average home costs more than $260,000, and since you likely don’t have that kind of cash sitting in a savings [...]

    3 min read Sep 06, 2017
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    Take-out loan

    Take-out loan is an important financial term. Bankrate explains what it means.

    1 min read Mar 11, 2022
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    Exclusive listing

    Exclusive listing is an important term in real estate. Bankrate explains what it means.

    2 min read Mar 11, 2022
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    Inspection report

    An inspection report is important to many buyers of property. Bankrate explains what it is.

    2 min read Mar 11, 2022
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    Starter home

    Starter home is a term prospective homeowners should understand. Bankrate explains it.

    1 min read Jun 16, 2022
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    Closing statement

    Closing statement is an important term to understand. Bankrate explains it.

    1 min read Oct 21, 2019
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    Discount point

    Discount point is a money term you need to understand. Here’s what it means.

    1 min read Mar 11, 2022
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    Trust account

    Trust account is a money term you need to understand. Here’s what it means.

    1 min read Apr 06, 2022
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    Seller’s market

    Seller’s market is a money term you need to understand. Here’s what it means.

    1 min read Oct 23, 2019
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    Purchase agreement

    Purchase agreement is a money term you need to understand. Here’s what it means.

    2 min read Mar 11, 2022
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