About Closing Costs
Certain standard costs are related to closing the sale of a home. Sellers and buyers usually share these closing costs, as specified in the sales contract.
As indicated below, many of the buyer's costs are related to the costs of getting the loan. At Price Mortgage Group LLC, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Loan Estimates (LEs)
Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your closing costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always estimate your costs to the penny. We field questions about closing costs every day at Price Mortgage Group LLC, so please be sure to ask if you have questions.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Price Mortgage Group LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Various Taxes
- Loan Origination Fee
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Fee
- Pulling Your Credit Report
- Up-front Interest Payment
- Escrow Account
Property Taxes
- Transfer Taxes and Recording Fees
- Insurance
Homeowners Insurance
- Title Insurance
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
At Price Mortgage Group LLC, we answer questions about closing costs every day. Give us a call at 405-513-7700.