What are Closing Costs?

Certain standard costs are associated with closing the sale of a home. Sellers and buyers almost always split these closing costs, as the real estate sales contract specifies.

Many of the costs associated with buying residential real estate are associated with getting a mortgage. Since Primemax Mortgage Group, NMLS#195523 is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Very shortly after you submit your application, we will give you the "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on Primemax Mortgage Group, NMLS#195523's experience with mortgage loans, but costs usually change a little bit between delivery of the Loan Estimate (LE) and closing. We handle questions about these costs every day at Primemax Mortgage Group, NMLS#195523, so please be sure to contact us if we can help answer your questions.

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

Standard Closing Costs

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

Primemax Mortgage Group, NMLS#195523 can answer questions about these closing costs. Call us: 2565439211.

Mortgage Questions?

Do you have a question regarding a mortgage program?

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Primemax Mortgage Group, NMLS#195523

311 West Grand Ave
Rainbow City, AL 35906