Your Closing Costs

Certain standard costs are associated with closing the sale of a home. Buyers and sellers usually share these costs, as specified in the real estate sales contract.

As the list below indicates, many of the closing costs result from getting your loan. Since Carter Financial Solutions is highly experienced with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimate (GFE)

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate comes out of our past experience. Please note that while our GFEs are very accurate, we can't always predict costs to the penny. We field questions about these costs every day at Carter Financial Solutions, so please be sure to contact us if we can help answer your questions.

Below is a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance if applicable

Carter Financial Solutions can answer questions about these closing costs. Give us a call at 866-840-8745 x2.

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