"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Buyers and sellers negotiate the payment of these closing costs.
Many of the costs associated with buying a home are associated with getting the loan. At Secure Mortgage Company, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Very shortly after you apply for a loan, we will provide you with the "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always estimate costs to the penny. We answer buyers' questions about closing costs every day at Secure Mortgage Company, so please feel free to ask if we can help answer your questions.
Below is a general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Appraisal Costs Credit Report Interest Payment Escrow Fees Various TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your interest rate (optional) Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
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