There are certain standard costs associated with closing the sale of a house. Buyers and sellers almost always split these closing costs, as the real estate sales contract specifies.
As the list below indicates, many of the closing costs result from getting your loan. At Primemax Mortgage Group, NMLS#195523, we have extensive experience in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the LE are estimated based on Primemax Mortgage Group, NMLS#195523's experience with mortgage loans, but costs often change by small amounts between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at closing.
Below is a general list of costs for buying a home. We will provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees Various TaxesCosts associated with "originating" your loan
Transfer Taxes & Recording Fees Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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