Closing costs are calculated based on

Hey there!

Here is your

The proper answer to this question is "the down payment on the property".

Reason:

Closing cost are used when people are buying or renting some sort of properties, and the closing cost it the amount a person pays based on there down payment. Properties could include, land, houses, animals such as, horses, and cattle, etc... 

Therefore the answer is the down payment.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit