---
title: "Closing costs — What It Means | Ondo RE"
canonical: https://www.ondorealestate.com/glossary/closing-costs/
---

- [Home](/)
- /
- [Glossary](/glossary/)
- /
- Closing costs
Mortgage & lending[All terms starting with C](/glossary/#letter-C)

# Closing costs

Also called: settlement costs, cash to close

The lender, title, and third-party fees due at closing: separate from your down payment.

Closing costs cover the work of originating the loan and transferring title: origination and underwriting charges, appraisal, credit report, title search and title insurance, recording fees, and the settlement agent’s fee.

They are distinct from both the down payment and prepaids. Down payment is equity you are putting into the property; prepaids are your own future taxes and insurance funded in advance. All three land on the same wire, which is why the total surprises people.

## Put a number on it

This term feeds the calculators below.

- [Closing Cost CalculatorEstimate buyer closing costs, taxes, and prepaid expenses.](/calculators/closing-cost/)
- [Home Sale Proceeds CalculatorEstimate net proceeds after agent fees, taxes, and payoff.](/calculators/home-sale/)

## Related terms

- [PrepaidsMoney collected at closing to fund your own future taxes and insurance, plus interest from closing to month end.](/glossary/prepaids/)
- [Down paymentThe share of the purchase price you pay in cash, becoming your starting equity in the property.](/glossary/down-payment/)
- [Earnest moneyA deposit made with an offer to show the buyer is serious, held in trust and credited toward closing.](/glossary/earnest-money/)
- [Closing DisclosureThe final statement of your loan terms and closing costs, provided a set number of days before closing.](/glossary/closing-disclosure/)
- [Seller concessionsMoney the seller contributes toward the buyer’s closing costs, capped by the loan program.](/glossary/seller-concessions/)

## Go deeper

- [Utah closing costs: title, origination, prepaids](/blog/utah-closing-costs-title-origination-prepaids/)
- [Cash to close beyond the down payment](/blog/utah-cash-to-close-besides-down-payment/)

## More in Mortgage & lending

- [Amortization](/glossary/amortization/)
- [APR (Annual Percentage Rate)](/glossary/apr/)
- [ARM (Adjustable-Rate Mortgage)](/glossary/arm/)
- [Cash-out refinance](/glossary/cash-out-refinance/)
- [Conforming loan](/glossary/conforming-loan/)
- [Conventional loan](/glossary/conventional-loan/)

## Have a question about your own situation?

Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.

[Talk to Ondo](/contact/)[Browse all terms](/glossary/)

Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. [Licensing and disclosures](/licensing/)