Closing Costs

There are certain standard costs associated with closing on the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As a general rule, transfer taxes are ordinarily a seller paid expense while mortgage tax and mansion tax (if applicable in your state) are purchaser paid expenses

We will guide you through the closing costs, answering any questions you may have and explaining what each cost represents. 

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

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