A closing is the final step in a housing transaction where ownership, ownership documents, and funds change hands from one party to the other. This includes the legal satisfaction when property titles, loan contracts, tax forms, and other sales documents are completed.
When real property changes hands, both seller and buyer have agreed upon the payment of closing costs. Closing costs can include title service, survey and inspection fees, government records fees, appraisal fees, attorney and broker fees or commissions, property insurance, and loan points.
Closing Costs Calculator
