About Closing Costs

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

As indicated below, many of the costs result from getting your mortgage. Since Bright Vision Mortgage is highly experienced with mortgages and closings, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on Bright Vision Mortgage's experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We go over LEs with buyers every day, so we'd be glad to answer the you have about closing costs.

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 have completed your application. At Bright Vision Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

At Bright Vision Mortgage, we answer questions about closing costs every day. Call us at 9043423622.

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159 Hampton Point Drive Suite 4
St. Augustine, FL 32092