Closing Costs

Certain standard costs are related to closing the sale of a house. Buyers and sellers usually share these closing costs, as specified in the sales contract.

As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Bright Vision Mortgage, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".

Good Faith Estimate (GFE)

Soon after you submit your application, we'll give you a "Good Faith Estimate" of your closing costs. The closing cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very precise, we cannot always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering questions and pointing out costs that sometimes vary a little bit at the closing table.

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

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance if applicable

Bright Vision Mortgage can answer questions about these closing costs. Give us a call: (904) 342-3622.

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