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’s because many homebuilders have affiliate lenders that can offer better rates or subsidize some of a buyer’s closing costs using a small portion of the builder’s profits. Richard J. Chang, Forbes, 23 Sep. 2024 CrossCountry Mortgage benefits and discounts CrossCountry Mortgage offers a variety of unique programs for homebuyers. CCM Community Promise First-time homebuyers in 15 major cities — including Miami, New York and Chicago — may be eligible for up to $6,500 toward a down payment or closing costs. Kelsey Neubauer, CNBC, 23 Sep. 2024 Your credit score heavily impacts your mortage rate, and research reveals your credit score can even affect your closing costs. Terri Williams, Forbes, 17 Sep. 2024 Standout benefits: Navy Federal’s Military Choice loan is another zero-down mortgage that lets sellers contribute up to 6% of the home’s value toward closing costs. Kelsey Neubauer, CNBC, 15 Sep. 2024 See all Example Sentences for closing costs 

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.

Dictionary Entries Near closing costs

Cite this Entry

“Closing costs.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/closing%20costs. Accessed 6 Oct. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!