What are Closing Costs?

"Closing Costs" are the fees that pay for various services involved when you sell or buy a house. Sellers & buyers negotiate to determine who will pay different portions of these costs.

As the list below indicates, many of the closing costs result from getting your loan. At Bright Vision Mortgage, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Loan Estimate".

The Loan Estimate (Also known as the LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we cannot always predict your costs to the penny. We handle buyers' questions about closing costs every day at Bright Vision Mortgage, so don't hesitate to ask if you have questions.

We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your loan application. At Bright Vision Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance

At Bright Vision Mortgage, we answer questions about closing costs every day. Call us: (904) 342-3622.

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2800 North Fifth Street Suite 301B
St. Augustine, FL 32084