Certain standard costs are related to closing the sale of a home. Sellers and buyers usually split these costs, as the sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage. At MidTowne Mortgage, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Very soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on MidTowne Mortgage's experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We review Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.
Below is a fairly general list of costs for buying a home. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Loan-related costs Points — A fee paid to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Fees Taxes
Insurance Transfer Taxes and Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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