There are certain standard costs related to closing the sale of a house. Buyers and sellers customarily share these costs, as specified in the sales contract.
Many of the costs associated with buying a house are associated with getting the loan. At Price Mortgage Group LLC, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Price Mortgage Group LLC's experience with mortgage loans, but costs usually vary by small amounts between delivery of the LE and closing. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer any questions you have about closing costs.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your 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 Costs associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment Escrow Fees Various Taxes Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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