There are certain standard costs related to closing the sale of a home. Sellers and buyers customarily split these costs, as specified in the sales contract.
As indicated below, many of the closing costs result from getting your mortgage loan. Since Carter Financial Solutions has extensive experience with mortgages & closings, we often explain the details of closing costs.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We handle buyers' questions about these costs every day at Carter Financial Solutions, so please be sure to ask if we can help answer your questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your application. At Carter Financial Solutions, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
TaxesLoan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Fees
InsuranceRecording Fees & Transfer Taxes
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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.