Don't Forget Closing Costs
"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Sellers & buyers usually negotiate to determine who will pay different portions of these costs.
As the list below indicates, many of the costs result from getting your mortgage loan. At Curtis Mortgage LLC, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
The Loan Estimate (LE)
Very shortly after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we can't always predict your closing costs to the penny. We field buyers' questions about closing costs every day at Curtis Mortgage LLC, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan application. At Curtis Mortgage LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Various Taxes
- Costs related to "originating" your loan
- Points — A fee paid to lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Up-front Interest Payment
- Escrow Fees
Property Taxes
- Recording Fees and Transfer Taxes
- Insurance
Homeowners Insurance
- Title Insurance
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
Curtis Mortgage LLC can answer questions about these closing costs. Call us at 610-565-3600.