Closing Costs for Home Real Estate Transactions

Certain standard costs are related to closing the sale of a home. Buyers and sellers usually split these costs, as specified in the sales contract.

As indicated below, many of the closing costs result from getting your mortgage loan. Since Curtis Mortgage LLC has extensive experience with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that sometimes vary a little bit at the closing table.

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

Standard Closing Costs

Loan-Related Costs

• Various Taxes
• Loan Origination Fee
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Interest Payment
• Escrow Account

Property Taxes

• Recording Fees and Transfer Taxes
• Insurance

Homeowners Insurance

• Flood or Earthquake Insurance if applicable
• Private Mortgage Insurance (PMI)
• Title Insurance

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