What Are Mortgage Closing Costs and Who Pays Them?

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<div class="description"> <p class="">Closing costs are fees, taxes, and other bills that buyers receive before they get the keys to their new home. But what are they exactly and how can you prepare for them? Kate Wood calculates those costs!</p> <p class=""><strong>About NerdWallet: </strong>We're NerdWallet. And we're not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We've built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more - so you can get even more financial clarity. It's the smartest decision for all your financial decisions. </p> <h3>Suggested Articles</h3><ul><li><a href="https://www.nerdwallet.com/article/mortgages/closing-costs-mortgage-fees-explained?utm_campaign=ct_prod&utm_source=syndication&utm_medium=rss&utm_term=nasdaq">Mortgage Closing Costs: How Much You'll Pay</a></li><li><a href="https://www.nerdwallet.com/article/mortgages/strategies-to-keep-your-closing-costs-low?utm_campaign=ct_prod&utm_source=syndication&utm_medium=rss&utm_term=nasdaq">Strategies for Lowering Your Closing Costs</a></li><li><a href="https://www.nerdwallet.com/article/mortgages/closing-costs-calculator?utm_campaign=ct_prod&utm_source=syndication&utm_medium=rss&utm_term=nasdaq">Closing Costs Calculator</a></li></ul><p>Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.</p> </div>

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