What Are Closing Costs and Why Do I Have to Pay Them? Closing costs are expenses, usually paid by the buyer, that are incurred when transferring ownership of property. Depending on the city, county and state where the property is located, the cost for items such as transfer tax, recording fees, title insurance and other related services will vary. $ Loan Origination Fee $ Loan Discount $ Appraisal Fee $ Credit Report $ Lender's Inspection Fee $ Mortgage Broker Fee $ Tax Related Service Fee $ Processing Fee $ Underwriting Fee $ Wire Transfer Fee $ Mortgage Insurance Premium $ Hazard Insurance Premium $ Tax and Assessment $ Closing or Escrow Fee $ Notary Fee $ Attorney Fee $ Title Insurance $ Recording Fees $ City/County Tax/Stamps $ State Tax/Stamps $ Pest and Other Inspection Fees $ Other Fees Not Listed Above $ Total Fees Note: This calculator is provided to give you a general idea. We cannot guarantee the accuracy or the applicability to your situation. Please consult with Lisa Gibbs.