About Closing Costs

There are certain standard costs related to closing the sale of a home. Buyers and sellers customarily share these costs, as specified in the sales contract.

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

The Loan Estimate (Also known as the LE)

Very soon after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We explain Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.

Below you'll find a generic list of closing costs. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

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

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

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Primemax Mortgage Group, NMLS#195523

311 West Grand Ave
Rainbow City, AL 35906