"Closing Costs" are the fees that cover the various services involved in the sale of a house. Buyers & sellers usually negotiate to determine who will pay different portions of these costs.
Many of the costs associated with buying a house are associated with getting the mortgage. Since Price Mortgage Group LLC is highly experienced with mortgages & closings, we can help you understand your closing costs.
Soon after you submit your application, we'll provide you with a "Loan Estimate" of your closing costs. This cost estimate is based on our past experience. It's important to note that while our LEs are very accurate, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at the closing table.
Below you'll find a fairly generic list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Various TaxesCosts associated with "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees
Recording Fees and Transfer Taxes Insurance
Title Insurance Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
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