Closing costs are one-of expenses due at closing that you pay to your lender in exchange for loan services and can cover things like your home appraisal and searches on your home’s title. Prepaids are upfront cash payments made before your down payment to obtain a mortgage. Prepaid costs are paid at closing and placed into an escrow account to cover mortgage expenses that are typically included in monthly homeownership-related fees. We are here for all of your real estate needs! Reach out to us today, we are more than happy to answer all of your questions.