There
are certain standard costs associated with closing the sale of a
house. These fees are split between the buyer and the seller, as
spelled out in the sales contract.
As
we negotiate the sales contract for you, we will not only work to
get the sales price you want, we will also work to limit the number
of closing costs for which you will be responsible.
We
will walk you through the closing costs, answering any questions
you may have explaining which costs are decreed by law to be yours
and which are negotiable.
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. We will be glad to review the "Good Faith
Estimate" with you, answering questions and highlighting missing
costs and estimates we 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
