Closing Costs

All residential real estate transactions involves certain fixed costs. Sellers and buyers almost always share these costs, as specified in the sales contract.

Many of the costs associated with buying a home are associated with getting the mortgage loan. Since Price Mortgage Group LLC is highly experienced with mortgages and closings, we often explain the details of closing costs.

The Loan Estimate (Also known as the LE)

Very shortly after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. We base this closing cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we cannot always predict your closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer the you have about closing costs.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your 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
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Price Mortgage Group LLC can answer questions about these closing costs. Give us a call: 405-513-7700.

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