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Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

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.

While we are happy to answer any general questions you have regarding closing costs, i.e. which are decreed by law to be yours and which are negotiable, etc., however, your lender will explain each cost in detail and walk you through the whole process. We work "with" your lender and ultimately as part of your "team of experts" throughout the entire process of finding and purchasing your new home. 

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include "all" the closing costs, however, a good lender will estimate on the high side to minimize any unpleasant surprises prior to closing. We will be happy 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


  • Property Taxes
  • Transfer Taxes and Recording Fees


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