"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Buyers & sellers almost always negotiate these closing costs.
Many of the closing costs associated with buying residential real estate are associated with getting a mortgage loan. Since Price Mortgage Group LLC is highly experienced with mortgages and closings, we can help you understand your closing costs.
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we can't always predict your closing costs to the penny. We go over Loan Estimates with buyers every day, so we are happy to answer your questions about closing costs.
Below is a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Up-front Interest Payment Escrow Fees Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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