Every home sale involves costs. Sellers and buyers usually share these closing costs, as specified in the real estate sales contract.
As you'll see below, many of the costs result from getting your mortgage loan. Since Carter Financial Solutions has extensive experience with closings and mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We go over Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.
Below you'll find a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Appraisal Costs Credit Report Up-front Interest Payment Escrow Fees Various TaxesLoan-related costs Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
Insurance Transfer Taxes and Recording Fees
Title Insurance Flood / Quake Insurance if applicablePrivate Mortgage Insurance (PMI)
Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.