"Closing Costs" are the fees which cover various services involved when you sell or buy a house. Buyers & sellers often negotiate to decide how to split these closing costs.
As you'll see below, many of the costs result from getting your loan. Since MortgageZ LLC is highly experienced with closings & mortgages, we can help you understand your closing costs.
Soon after you apply for a loan, we will give you a "Loan Estimate" of your costs. This closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.
Below is a general 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 Appraisal Costs Credit Report Interest Payment Escrow Account TaxesLoan-related costs Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.