Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which cover various services involved in the sale of a home. Buyers and sellers almost always negotiate to decide how to split these costs.

As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. At Primemax Mortgage Group, NMLS#195523, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

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 the loan officer's past experience. It's important to note that while our LEs are very precise, we can't always predict costs to the penny. We review LEs with buyers every day, so we'd be glad to answer the you have about closing costs.

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

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Pulling Your Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance

Primemax Mortgage Group, NMLS#195523 can help you understand closing costs. Call us at 2565439211.

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Primemax Mortgage Group, NMLS#195523

311 West Grand Ave
Rainbow City, AL 35906