One of your fees as a buyer is “TITLE POLICY”, a Non-recurring (one-time expense) Closing Cost.
“Title Insurance” protects real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property.
*CLOSING COST are different than your Down Payment. Your Down payment is applied to your loan. (Ex: Home cost $100,000 and you put down $5,000, your loan amount will be $95,000). CLOSING COST are additional fees to get the loan and for processing the paperwork to buy a home.