"Closing Costs" are the fees that cover the various services involved in the sale of residential real estate. Sellers & buyers often negotiate to determine who will pay different portions of these costs.
As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Price Mortgage Group LLC has extensive experience with mortgages and closings, we can help you understand your closing costs.
Very soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on Price Mortgage Group LLC's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We field questions about closing costs every day at Price Mortgage Group LLC, so don't hesitate to ask if we can help answer your questions.
We've provided a general list of these 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 TaxesLoan Origination Fee Points — lower your interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Title Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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