Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees which pay for the various services involved when you sell or buy a house. Buyers and sellers almost always negotiate the payment of these closing costs.

As indicated below, many of the closing costs result from getting your mortgage. Since Homewithloan.com has extensive experience with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This cost estimate comes out of our past experience. Please note that while our LEs are very precise, we can't always predict costs to the penny. We answer questions about these costs every day at Homewithloan.com, so don't hesitate to contact us if we can help answer your questions.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Homewithloan.com, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan Origination Fee
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Homewithloan.com can answer questions about these closing costs. Call us: 972.798.2110.

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