Closing Costs for Residential Real Estate Transactions

Certain standard costs are related to closing the sale of a house. Buyers and sellers almost always share these closing costs, as specified in the sales contract.

As you'll see below, many of the buyer's costs cover the costs of originating 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 "Loan Estimate".

Loan Estimates (LEs)

Very soon after you submit your application, we'll give you the "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We field buyers' questions about these costs every day at Curtis Mortgage LLC, so please be sure to ask if we can help answer your questions.

Below is a fairly general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Costs related to "originating" your loan
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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