About Closing Costs

Certain standard costs are related to closing the sale of a home. Buyers and sellers customarily share these costs, as specified in the sales contract.

Many of the costs associated with buying a house are associated with getting the mortgage. Since Foxfield Financial is highly experienced with closings & mortgages, we are closing cost experts.

The Loan Estimate (LE)

Very shortly after you submit your application, we will give you a "Loan Estimate" of your costs. This closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at the closing table.

Below is a general list of costs for buying a home. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Account
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Foxfield Financial, we answer questions about closing costs every day. Call us: 720-598-8300.

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