There are certain standard costs related to closing the sale of a house. Buyers and sellers usually split these closing costs, as specified in the real estate sales contract.
As indicated below, many of the costs result from getting your mortgage. At Bright Vision Mortgage, we have extensive experience in mortgage lending, so we can compile a comprehensive report on costs related to your mortgage in your "Loan Estimate".
Soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We handle questions about closing costs every day at Bright Vision Mortgage, so please be sure to contact us if you have questions.
Below you'll find a general list of costs for buying residential real estate. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Obtaining Your Credit Report Up-front Interest Payment Escrow Fees TaxesLoan Origination Fee Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.