About Closing Costs

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".

Loan Estimates (LEs)

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

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

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