What Is Non-Recurring Closing Costs?
Non-recurring closing costs are one-time fees paid to complete a transaction — loan origination fees, title insurance, appraisal, and recording fees — as opposed to recurring costs like prepaid property taxes and insurance that continue every year.
Recurring vs. Non-Recurring Closing Costs
One-time fees to complete the transaction — loan origination, title insurance, appraisal, and recording fees.
Prepaid amounts for costs that continue every year — property taxes and homeowners insurance collected upfront into escrow.
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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