Closing Costs for Home Real Estate Transactions

There are certain standard costs associated with closing the sale of a house. Buyers and sellers almost always share these closing costs, as specified in the sales contract.

As you'll see below, many of the costs result from getting your mortgage. Since Bright Vision Mortgage has extensive experience with closings and mortgages, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Soon after you submit your application, we will provide you with a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always predict your costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at the closing table.

Below is a fairly general list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

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

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