Your Closing Costs

"Closing Costs" are the fees which cover various services involved in the sale of a home. Sellers & buyers usually negotiate to determine who will pay different portions of these costs.

As indicated below, many of the costs result from getting your mortgage. At Foxfield Financial, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always estimate your closing costs to the penny. We review LEs with buyers every day, so we'd be glad to answer your questions about closing costs.

Below you'll find a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Foxfield Financial can help you understand closing costs. Call us: 720-598-8300.

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