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.
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 TaxesLoan-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 applicablePrivate Mortgage Insurance (PMI) Title Insurance
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