Don't Forget Closing Costs

There are certain standard costs associated with closing the sale of a house. Buyers and sellers usually share these costs, as the sales contract specifies.

As you'll see below, many of the closing costs result from getting your mortgage loan. Since The Mortgage Firm - Team Meyers has extensive experience with closings and mortgages, we can help you understand your closing costs.

The Loan Estimate (Also known as the LE)

Soon after you submit your application, we'll give you a "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on The Mortgage Firm - Team Meyers's experience with mortgage loans, but costs often change by small amounts between the Loan Estimate (LE) and closing. We field buyers' questions about closing costs every day at The Mortgage Firm - Team Meyers, so don't hesitate to contact us if you have questions.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your application. At The Mortgage Firm - Team Meyers, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — lower your interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

The Mortgage Firm - Team Meyers can answer questions about these closing costs. Call us: (407) 889-4321.

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