Closing costs vary depending on the type of contract. FHA, VA, Conventional, Cash or Assumption. Some of the buyer's closing costs are paid in advance of the actual closing. Generally the costs are for the Appraisal , Credit Report, Inspection reports, Document Preparation, Attorney fees, Title Insurance for the Lender, Recording fees, Restrictions, Amortization Schedules, Survey, Courier Fees, Tax Service Fee, Processing Fee, Funding Fee, Tax Certification, Flood Certification, Origination Fee. Prepaid costs are required by the lender to establish the escrow account. Generally they consist of interest from the closing date until month end, fifteen months of hazard insurance premiums, and two months of real estate taxes.