Certain standard costs are related to closing the sale of a home. Sellers and buyers customarily split these closing costs, as the sales contract specifies.
As you'll see below, many of the buyer's costs are related to the costs of originating the mortgage loan. At The Mortgage Firm - Team Meyers, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes change slightly at the closing table.
Below you'll find a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Escrow Fees TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Fee Credit Report Interest Payment
InsuranceRecording Fees and Transfer Taxes
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.