Closing Costs

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".

Loan Estimate (Also known as the LE)

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

Loan-Related Costs
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

At Norma Moreno-Squier, we answer questions about closing costs every day. Call us at 6023326989.

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Norma Moreno-Squier
NMLS#212839

New West Lending, Inc.

7310 N. 16th Street Ste. 170
Phoenix, AZ 85020