Closing costs are fees that are paid out to all the various people that are involved in your loan process. These include, but are not limited to, your processor, underwriter, and home appraiser. What is included in my closing costs? Prepaid Costs: Are not fees, but costs paid in advance when purchasing a home. Examples of just some prepaids are property taxes, homeowners insurance, attorney fees, home inspection, appraisal fees, and mortgage interest that will accumulate betw