Closing Costs for Home Real Estate Transactions

Every home sale incurs certain fixed costs. Buyers and sellers almost always split these closing costs, as specified in the sales contract.

Many of the costs associated with buying residential real estate are associated with getting a loan. At Curtis Mortgage LLC, we are highly experienced in mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on Curtis Mortgage LLC's experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes change slightly at closing.

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

Standard Closing Costs

Loan-Related Costs

• Interest Payment
• Escrow Fees
• Various Taxes
• Loan-related costs
• Points — A fee paid to lower your mortgage interest rate (optional)
• Appraisal Costs
• Credit Report

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

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

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