Your Closing Costs

Every home sale involves certain fixed costs. Sellers and buyers usually split these closing costs, as the sales contract specifies.

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

Loan Estimate (Also known as the LE)

Very shortly after you submit your application, we'll give you a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at closing.

Below you'll find a fairly general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Escrow Account
• Various Taxes
• Costs related to "originating" your loan
• Points — A fee paid to lower your mortgage interest rate (optional)
• Appraisal Costs
• Credit Report
• Up-front Interest Payment

Property Taxes

• Recording Fees and Transfer Taxes
• Insurance

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood / Quake Insurance

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