Closing Costs for Residential Real Estate Transactions

Every home sale involves costs. Sellers and buyers customarily share these costs, as specified in the real estate sales contract.

Many of the closing costs associated with buying residential real estate are associated with getting the mortgage loan. Since Curtis Mortgage LLC is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimate (LE)

Very shortly after you apply for a loan, we'll give you a "Loan Estimate" of your closing costs. We base this 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 predict your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at closing.

Below you'll find a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account
• Taxes
• Costs related to "originating" your loan

Property Taxes

• Recording Fees and Transfer Taxes
• Insurance

Homeowners Insurance

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

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