All residential real estate transactions involves costs. Sellers and buyers customarily share these closing costs, as the sales contract specifies.
As indicated below, many of the buyer's costs cover the costs of getting the mortgage loan. At Price Mortgage Group LLC, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate comes out of our past experience. It's important to note that while our LEs are very accurate, we can't always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can change slightly at the closing table.
Below you'll find a generic list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Appraisal Fee Credit Report Interest Payment Escrow Fees Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
Transfer Taxes and Recording Fees Insurance
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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