About Closing Costs

"Closing Costs" are the fees which cover the various services involved when you sell or buy residential real estate. Buyers and sellers usually negotiate these costs.

As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. At Carter Financial Solutions, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimate (Also know as the GFE)

Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. It's important to note that while our GFEs are very precise, we cannot always predict costs to the penny. We explain GFEs with buyers every day, so we'd be glad to answer your questions about closing costs.

Below you'll find a fairly generic list of costs for buying a home. We will provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance if applicable

At Carter Financial Solutions, we answer questions about closing costs every day. Give us a call: 866-840-8745 x2.

Looking to Buy?

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.

Your Information
Some Details