Monies collected at closing to begin escrow accounts for property taxes, homeowner's insurance, and mortgage insurance premiums.

Pre-paids are the funds put into an escrow account at closing and are usually the equivalent of one or more months of tax and insurance payments. Not every loan product has an escrow requirement. Pre-paids will also include the mortgage interest for the few days remaining in the month in which the closing occurs and the first year's insurance premium on homeowner's insurance.

Those expenses of property that are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, rent, etc.

All expenses that are paid before their due dates, on a prorated basis at closing (such as taxes, assessments, and insurance).

Pre-paid settlement costs reimburse the seller for funds advanced, such as real estate taxes, and establishes an escrow account to hold funds allocated for future payment of bills. Pre-paids also include interest charges, hazard insurance premiums, mortgage insurance premiums, and ground rent. These fees must be paid at closing from the borrower’s funds and cannot be financed.

Costs paid by borrower at closing for first year hazard insurance premium, prepaid interest from date of closing to end of month, and funds necessary to establish an escrow account with lender for payment of taxes, hazard insurance, flood insurance, and private mortgage insurance premiums.

Fees collected at closing to cover items such as setting up escrow accounts for property taxes, homeowner's insurance, and mortgage insurance premiums.

Expenses such as taxes, insurance, and assessments, which are paid in advance of their due date, and on a prorated basis at closing.

Those expenses of property which are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, and interest.

Paid for (in cash) at closing for such items as homeowners insurance for one year and real estate taxes for several months.