Closing costs are broken into two categories: loan costs and other costs.

Loan costs can consist of some or all of the following: appraisal fee, title fees, credit report fee, administrative fees, and underwriting fees. Ask your loan advisor about closing cost for your unique situation.

Other costs typically will consist of taxes and prepaids. If the borrower is escrowing their homeowner's insurance and property tax, this will be part of the Other costs.