There are certain standard costs related to closing the sale of a house. Buyers and sellers almost always share these costs, as specified in the sales contract.
As indicated below, many of the closing 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 mortgage-related closing costs in your "Loan Estimate".
Very shortly after you apply for a loan, we'll give you the "Loan Estimate" of your costs. The closing cost estimate comes out of our past experience. Please note that while our LEs are very precise, we can't always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at closing.
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 Appraisal Costs Pulling Your Credit Report Interest Payment Escrow Account TaxesLoan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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