Closing Costs

Closing costs are all the one-time fees that finalize a mortgage, charged at closing. They typically include lender origination fees, discount points if chosen, title insurance, appraisal, credit report, recording fees, and prepaid items like the first year of homeowners insurance and several months of escrow.

Expect 2%–5% of the loan amount on a purchase. On a refinance, lender credits can sometimes cover much of it. Every borrower gets a Loan Estimate (within 3 days of applying) and Closing Disclosure (3 days before closing) itemizing these fees.

Why it matters for Milo customers

Milo crypto-backed mortgage closing costs are similar to traditional mortgages (title insurance, recording fees, taxes) plus a custody setup fee. There's no separate fee for using crypto as collateral — the cost is built into the rate.

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