Exam term Closing costs Charges for obtaining the loan and completing the transaction, such as fees, taxes and prepaid items. Lessons that use this term Closing costs, transfer and mortgage recording taxes, and prorations New YorkTILA-RESPA integrated disclosures: the Loan Estimate and the Closing Disclosure TexasSettlement math: prorations, debits and credits, net to seller, cost to buyer, and closing fees Texas