"Closing Costs" are the fees which pay for various services involved in the sale of residential real estate. Buyers & sellers negotiate these closing costs.
As you'll see below, many of the costs result from getting your mortgage loan. Since Foxfield Financial is highly experienced with mortgages & closings, we are closing cost experts.
Very shortly after you apply for a loan, we'll give you the "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on Foxfield Financial's experience with mortgage loans, but costs often vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at closing.
Below you'll find a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Loan Origination Fee Points — lower your interest rate (optional) Appraisal Costs Credit Report Interest Payment Escrow Account Taxes Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Title Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI)
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