Closing Costs

Certain standard costs are associated with closing the sale of a home. Sellers and buyers customarily share these costs, as the sales contract specifies.

As indicated below, many of the buyer's costs are related to the costs of originating the loan. Since The Mortgage Firm - Team Meyers is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between the Loan Estimate (LE) and closing. We field questions about closing costs every day at The Mortgage Firm - Team Meyers, so please feel free to ask if we can help answer your questions.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan 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
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance

At The Mortgage Firm - Team Meyers, we answer questions about closing costs every day. Call us at (407) 889-4321.

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