Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for various services involved when you sell or buy a home. Sellers and buyers usually negotiate to determine who will pay different portions of these costs.

Many of the closing costs associated with buying a home are associated with getting the mortgage. Since Price Mortgage Group LLC is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always estimate your costs to the penny. We review Loan Estimates with buyers almost every day, so we will be happy to answer the you have about closing costs.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At Price Mortgage Group LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Costs associated with "originating" your loan
  • Points — lower your mortgage interest rate (optional)
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Price Mortgage Group LLC, we answer questions about closing costs every day. Give us a call: 405-513-7700.

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