As the closing date approached, the administrative costs—often called —began to stack up, typically totaling 2% to 6% of the loan amount :
: Their local county charged $20–$250 just to update the public records with their names as the new owners . The "Advance Payment" Fees fees when buying a house
Finally, at the closing table, Sarah and Mike had to "prepay" for certain future expenses: As the closing date approached