Which of the following is typically NOT included in property closing costs?

Monthly mortgage payments are typically not included in property closing costs because they represent the ongoing cost of borrowing money to pay for the home after the sale has been finalized. Closing costs are one-time fees associated with the purchase of a property that are paid at the closing of a real estate transaction. These costs can include expenses required to process the transaction, such as loan origination fees, title insurance premiums, and transfer taxes, all of which are incurred as part of finalizing the loan and ownership transfer.

In contrast, monthly mortgage payments start after closing; they are the regular payments made to the lender over the life of the loan and do not reflect the costs directly associated with completing the property purchase itself. This distinction makes monthly mortgage payments separate from typical closing costs.