What are Closing Costs?
"Closing Costs" are the fees that pay for various services involved in the sale of residential real estate. Buyers & sellers negotiate to decide how to split these closing costs.
As the list below indicates, many of the costs result from getting your mortgage. Since Curtis Mortgage LLC is highly experienced with closings & mortgages, we are closing cost experts.
Loan Estimate (LE)
Soon after you apply for a loan, we'll give you a "Loan Estimate" of your closing costs. This cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always estimate your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that sometimes change slightly at the closing table.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete your 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
- Points — lower your interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Escrow Fees
- Taxes
- Costs related to "originating" your loan
Property Taxes
- Transfer Taxes & Recording Fees
- Insurance
Homeowners Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood or Earthquake Insurance
Curtis Mortgage LLC can help you understand closing costs. Give us a call at 610-565-3600.