Don't Forget Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Buyers & sellers usually negotiate to determine who will pay different portions of these closing costs.

As indicated below, many of the buyer's costs are related to the costs of originating the loan. Since Price Mortgage Group LLC is highly experienced with mortgages and closings, we can help you understand your closing costs.

Good Faith Estimate (GFE)

Soon after you apply for a loan, we'll give you a "Good Faith Estimate" of your closing costs. The closing costs enumerated in the Good Faith Estimate are estimated based on Price Mortgage Group LLC's experience with mortgage loans, but costs usually vary by small amounts between the Good Faith Estimate (GFE) and closing. We go over Good Faith Estimates with buyers every day, so we are happy to answer your questions about closing costs.

Below you'll find a fairly generic list of closing costs. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

Price Mortgage Group LLC can answer questions about these closing costs. Give us a call: 405-513-7700.

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