About Closing Costs

Every home sale incurs certain fixed costs. Sellers and buyers usually split these costs, as specified in the sales contract.

Many of the closing costs associated with buying a home are associated with getting the mortgage. Since The Mortgage Firm - Team Meyers is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs usually vary a little bit between the LE and closing. We review Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.

Below is a general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

The Mortgage Firm - Team Meyers can help you understand closing costs. Call us: (407) 889-4321.

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