Nonrecurring closing costs

{
  "id": "MLC-T-LAW-003460",
  "term": "Nonrecurring closing costs",
  "field": "Law",
  "definition": "Expenses incurred during a real estate transaction that are paid only once at the time of closing and are not part of ongoing mortgage payments. These costs cover services and fees associated with the purchase, such as appraisal fees, title insurance premiums, and recording fees. They differ from recurring costs like property taxes and homeowner's insurance, which are paid periodically.",
  "url": "https://mlchart.com/terminology/law/nonrecurring-closing-costs/"
}