There are certain standard costs related to closing the sale of a home. Buyers and sellers customarily split these costs, as specified in the sales contract.
As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Foxfield Financial, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Good Faith Estimate".
Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always estimate your costs to the penny. We field buyers' questions about closing costs every day at Foxfield Financial, so don't hesitate to ask 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 complete your application. At Foxfield Financial, 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 Up-front Interest Payment Escrow Account TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Getting YourCredit Report Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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