Common closing fees include:

• Appraisal fee – For the estimate of your home’s market value
• Attorney fees – For any legal representation to prepare and record documents
• Inspection fee – For examining for structural problems; also for termites, lead paint in older homes and your roof
• Origination fee – For processing and administering your loan
• Underwriting fee – For reviewing your mortgage application
• Title fees – For the search to verify there are no tax liens on the property and for insurance to protect you if a problem is discovered
• Prepaid fees – For your homeowners insurance premium, and if you have an escrow account, you typically will need to fund your account at the time of closing with an average amount for three months worth of taxes and insurance