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.
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 TaxesCosts related to "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Credit Report Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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