Certain standard costs are associated with closing the sale of a home. Buyers and sellers usually share these costs, as the sales contract specifies.
As indicated below, many of the closing costs result from getting your mortgage loan. Since Price Mortgage Group LLC has extensive experience with mortgages and closings, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always predict costs to the penny. We review LEs with buyers every day, so we are happy to answer your questions about closing costs.
Below you'll find a generic list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Fees TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Property Taxes Recording Fees & Transfer Taxes Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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