Earn $25 CASH per qualified ChartSnap Founder referralUnlimited referralsNo purchase required—Join the Affiliate Program →

Mortgage Glossary

Settlement Costs

Mike Starr·Reviewed August 2026

Settlement costs is another term for closing costs — all the fees and expenses paid at the time of closing a real estate transaction. These include lender fees, third-party service fees (appraisal, title, inspection), government fees (recording, transfer tax), and prepaid items (taxes, insurance). Settlement costs typically range from 2% to 5% of the loan amount.