Closing Costs:

There are standard closing costs when purchasing a home that are split between the seller and buyer, as stated in the sales contract. Other closing costs for the buyer will be on a "Good Faith Estimate" from the lender. Based on the lender all of the costs may not be listed. I will go over the "Good Faith Estimate" with you and point out the items that I believe are estimated low or missing.

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Standard Closing Costs

  • Loan origination fee
  • Points (optional)
  • Appraisal fee
  • Credit report
  • Interest payment
  • Escrow

  • Transfer of taxes
  • Recording fee
  • Property taxes
  • Title insurance
  • Homeowners insurance
  • Flood insurance (some areas)
  • PMI (unless 20% down)