Certain standard costs are associated with closing the sale of a home. Buyers and sellers customarily split these costs, as specified in the real estate sales contract.
Many of the closing costs associated with buying a house are associated with getting the loan. At Curtis Mortgage LLC, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Good Faith Estimate".
The Good Faith Estimate (GFE)
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the Good Faith Estimate are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs usually change a little bit between the Good Faith Estimate (GFE) and closing. We field questions about closing costs every day at Curtis Mortgage LLC, so please feel free to contact us if you have questions.
Below you'll find a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we give you a Good Faith Estimate.
Standard Closing Costs
- Costs related to "originating" your loan
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Escrow Fees
- Recording Fees & Transfer Taxes
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Quake Insurance if applicable
At Curtis Mortgage LLC, we answer questions about closing costs every day. Give us a call: 610-565-3600.