recurring closing costs

Definition of "recurring closing costs"
  1. The initial fees during a home purchase that will continue to be paid over time, like homeowners' insurance and property taxes
How to use "recurring closing costs" in a sentence
  1. The buyers budgeted for recurring closing costs on top of the house's purchase price.
  2. Recurring closing costs like property taxes can add to the long-term expense of owning a home.
  3. Aside from the mortgage payment, considering recurring closing costs is crucial when buying a home.

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