Utah Buyer Closing Costs: What You May Pay Beyond the Down Payment

• Origination or underwriting charges.
• Discount points.
• Credit-report, tax-service, flood, or verification charges where applicable.
• Appraisal and other required valuation services.

• Escrow or settlement fees.
• Lender title insurance and any owner-policy allocation established by contract or local practice.
• Recording and government charges.
• Wire, courier, notary, or related services where charged.

• Prepaid interest from closing to the first payment period.
• Homeowners insurance premium.
• Initial escrow deposits for taxes and insurance.
• HOA dues, transfer charges, or reserves when applicable.

Home inspection, sewer scope, radon test, engineering review, survey, attorney review, moving, utility setup, immediate repairs, appliances, and furnishings may require cash even when not shown as lender closing costs.

The purchase contract may provide credits subject to loan-program limits and actual eligible costs. Credits can reduce cash to close but usually cannot be received as unrestricted cash. An excessive credit may be partly unusable if closing costs are lower than expected.

Request Loan Estimates using the same loan type, lock period, purchase price, and down payment. Compare lender-controlled charges, points, credits, rate, APR, mortgage insurance, and cash to close. Third-party estimates can differ, so focus on both total cost and which charges are lender-specific.

Compare the Closing Disclosure with the latest Loan Estimate. Ask about material differences, verify the loan terms, and confirm wiring instructions through a trusted known channel because closing-wire fraud is a serious risk.

The down payment is only one part of the upfront requirement. Build a cash-to-close estimate early and keep reserves after closing.

Next step: request a property-specific cash-to-close estimate before making an offer.