What are Closing Costs?
"Closing Costs" are the fees which pay for various services involved when you sell or buy a home. Buyers & sellers often negotiate these costs.
As indicated below, many of the buyer's costs are related to the costs of originating the loan. Since Curtis Mortgage LLC is highly experienced with mortgages and closings, we can help you understand your closing costs.
The Loan Estimate (Also known as the LE)
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We answer buyers' questions about closing costs every day at Curtis Mortgage LLC, so please feel free to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Curtis Mortgage LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Costs related to "originating" your loan
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Fees
- Taxes
Property Taxes
- Insurance
- Recording Fees & Transfer Taxes
Homeowners Insurance
- Flood or Earthquake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
Curtis Mortgage LLC can help you understand closing costs. Call us: 610-565-3600.