When you obtain a mortgage, you need to pay fees - charged by lenders and third parties – related to the purchase of the home. These fees are called closing costs and are included on top of the cost of the home and down payment. Here is a list of common closings costs: Credit Report Processing Fee Loan Origination Fee (for processing loan paperwork) Costs of Inspections (Termite, Home, etc.) Appraisal Fee Survey Fee Property Taxes Private Mortgage Insurance Prepaid Interest Prepaid Insurance Discount Points... read more