Every home sale involves fixed costs. Buyers and sellers customarily split these costs, as the real estate sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage. At Financial Edge Mortgage Corp., we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related closing costs in your "Loan Estimate".
Loan Estimates (LEs)
Very soon after you apply for a loan, we'll give you the "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always predict closing costs to the penny. We field questions about closing costs every day at Financial Edge Mortgage Corp., so please feel free to ask if we can help answer your questions.
Below is 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
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Fees
- Various Taxes
- Costs related to "originating" your loan
- Transfer Taxes and Recording Fees
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Quake Insurance
Financial Edge Mortgage Corp. can answer questions about these closing costs. Call us at 425-508-9988.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.