Buyer's Closing Costs

What costs are customary buyer closing costs?

As we negotiate the sales contract for you, we will not only work to get the sales price you want, we will also work to limit the number of closing costs for which you will be responsible.

If you have not already contacted a lender and shopped for a loan click here for a list of local lenders.

We will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers should request a "Good Faith Estimate" of closing costs not only at the time the loan application is submitted to the lender, but also while shopping. The estimate is based on the loan officer's past experience and may not include all the closing costs, but it will delineate the costs you should expect to pay. We will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates we believe to be low.

Standard Closing Costs

Loan-Related Costs

• Loan Origination Fee
• Points (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account

Taxes

• Property Taxes
• Transfer Taxes and Recording Fees
• Supplemental Property Taxes 

Insurance

• Homeowners Insurance
• Flood or Quake Insurance
• Private Mortgage Insurance (PMI)
• Title Insurance