All residential real estate transactions involves certain fixed costs. Buyers and sellers usually share these closing costs, as specified in the real estate sales contract.
As indicated below, many of the buyer's costs are related to the costs of originating the loan. Since Price Mortgage Group LLC has extensive experience with mortgages & closings, we are closing cost experts.
Very shortly after you apply for a loan, we'll provide you with a "Good Faith Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always estimate your closing costs to the penny. We answer buyers' questions about these costs every day at Price Mortgage Group LLC, so please feel free to ask if we can help answer your questions.
Below is a general list of costs for buying a home. We will provide a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing Costs
Obtaining YourCredit Report Up-front Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Fee
Transfer Taxes & Recording Fees Insurance
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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