# Closing Costs

*Real Estate — Finicade finance glossary*

Closing costs are the fees due at completion — origination, appraisal, title, recording, legal, prepaid tax — typically 2–5% of the price for a buyer.

Closing costs are the fees due at completion — origination, appraisal, title, recording, legal, prepaid tax and insurance — typically 2–5% of the price for a buyer. They're the reason a short holding period rarely pays: buying and selling can consume 8–10% of value in total costs. The itemised disclosure must arrive before closing, and several line items are genuinely negotiable or shoppable.

**Also known as:** settlement costs, completion costs, closing disclosure

**Related terms:** [Escrow](https://finicade.com/glossary/escrow), [Title Insurance](https://finicade.com/glossary/title-insurance), [Origination Fee](https://finicade.com/glossary/origination-fee), [Discount Points](https://finicade.com/glossary/discount-points), [Down Payment](https://finicade.com/glossary/down-payment)

Source: https://finicade.com/glossary/closing-costs