Every home sale incurs fixed costs. Buyers and sellers almost always share these closing costs, as specified in the sales contract.
As the list below indicates, many of the costs result from getting your mortgage loan. At Norma Moreno-Squier, we are highly experienced in mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".
Soon after you submit your application, we'll provide you with a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.
Below is a fairly generic list of costs for buying a home. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Escrow Account Various TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment
Recording Fees and Transfer Taxes Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.