Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers in Massachusetts, closing costs will come to about $2600 plus lenders title insurance and any pre-paid items such as real estate taxes, insurance and interest. 
There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:
Third Party Fees (The Hard Costs)
- Attorney’s fees (yours and your lender’s if applicable)
- Appraisal
- Credit Report Fee
- Loan origination fee (covers lender’s administrative costs)
- Recording fees
- Plot Plan or Survey fee
- Title insurance (yours and your lender’s)
- Loan discount points
- Any documentation preparation fees
Pre-Paid Items:
- Property taxes (to cover tax period to date)
- Interest (paid from date of closing to the following first of the month)
- First payment to escrow account for future real estate taxes and insurance
- 3…
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The Mortgage Markets 