Closing Costs for Residential Real Estate Transactions

Every home sale involves fixed costs. Sellers and buyers usually split these closing costs, as the real estate sales contract specifies.

As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. Since Curtis Mortgage LLC is highly experienced with mortgages & closings, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs usually change a little bit between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.

Below is a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Obtaining YourCredit Report
• Up-front Interest Payment
• Escrow Account
• Taxes
• Loan Origination Fee
• Points — lower your interest rate (optional)
• Appraisal Fee

Property Taxes

• Insurance
• Recording Fees & Transfer Taxes

Homeowners Insurance

• Title Insurance
• Flood or Earthquake Insurance
• Private Mortgage Insurance (PMI)

Curtis Mortgage LLC can answer questions about these closing costs. Call us at 610-565-3600.