How do Closing Costs Work?

Certain standard costs are associated with closing the sale of a home. Sellers and buyers almost always split these costs, as the sales contract specifies.

Many of the closing costs associated with buying a home are associated with getting a mortgage loan. Since Curtis Mortgage LLC is highly experienced with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the GFE are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs usually vary by small amounts between delivery of the GFE and closing. We field questions about closing costs every day at Curtis Mortgage LLC, so please be sure to contact us if you have questions.

We've provided a general list of these 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
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Curtis Mortgage LLC can help you understand closing costs. Call us: 610-565-3600.