: the extra amounts of money that people need to pay when they buy a house
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In response to the lull in demand, homebuilders are trying to woo buyers with cost-cutting incentives, such as amenity upgrades, reduced rates, contributions to closing costs and appliances as part of the package.—Lily O'Neill, San Antonio Express-News, 2 Apr. 2026 Calculate your costs, then, with both rates and terms to see what your savings may look like, and don't discount closing costs, too, which can be up to 5% of the new loan amount, approximately.—Matt Richardson, CBS News, 2 Apr. 2026 City residents who make 50% to 80% of the area median income are eligible additional financial support for down payments or closing costs, the city said, and the program is not strictly limited to first-time homeowners.—Hali Smith, Idaho Statesman, 1 Apr. 2026 The money can also go toward closing costs, earnest money, insurance and property taxes, moving and home renovation projects.—Dan Avery, CNBC, 17 Mar. 2026 See All Example Sentences for closing costs