Closing Costs for Home Real Estate Transactions

All residential real estate transactions involves fixed costs. Buyers and sellers customarily share these costs, as specified in the real estate sales contract.

As you'll see below, many of the closing costs result from getting your mortgage. Since Curtis Mortgage LLC is highly experienced with mortgages and closings, we are closing cost experts.

The Loan Estimate (LE)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we can't always estimate your costs to the penny. We go over LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.

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 will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

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

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

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

At Curtis Mortgage LLC, we answer questions about closing costs every day. Give us a call: 610-565-3600.