top of page

What in the World are Closing Costs Prepaids?

Updated: Nov 12, 2022


Of all the expenses that come with buying a home, prepaid costs can sometimes take buyers by surprise. (And while we all love a good surprise, you definitely don't want one in the buying process!). So, here's what to know:


Prepaid costs are upfront cash payments you make at closing for various mortgage expenses before they’re actually due. Funds are held in escrow until needed. They include:  


- Initial escrow deposit

- Homeowner’s insurance premiums

- Real estate property taxes

- Mortgage interest 


Prepaids are separate from closing costs which include the title search, appraisal, and cost of processing the loan. 


Curious about what your bottom line would be if you purchased a home? Want to buy but don't want surprises? Call me, and let’s crunch the numbers!


If you’re planning on selling and are in the market for a top agent to make it happen, I would love to help!


We provide real estate services to these West Texas cities - Abernathy, Brownfield, Buffalo Springs, Crosbyton, Denver City, Farwell, Floydada, Idalou, Hale Center, Lamesa, Levelland, Littlefield, Lubbock, Muleshoe, New Deal, New Home, Olton, Plains, Plainview, Post, Ralls, Ransom Canyon, Seagraves, Seminole, Shallowater, Spur, Sudan, Sundown, Tahoka, Tulia and Wolfforth.


We provide real estate services to these counties - Bailey County, Briscoe County, Castro County, Crosby County, Dawson County, Dickens County, Floyd County, Gaines County, Garza County, Hale County, Hockley County, Kent County, Lamb County, Lubbock County, Lynn County, Parmer County, Scurry County, Swisher County, Terry County and Yoakum County.


-Turn the Key to your clean Slate-


Lainie Eilenberger, REALTOR

Key and Slate Real Estate Group

Keller Williams Realty

806-928-4453

Licensed Realtor in


303 views0 comments
bottom of page