Don't Forget Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of residential real estate. Buyers & sellers usually negotiate the payment of these closing costs.

As you'll see below, many of the buyer's closing costs cover the costs of originating the loan. At Bright Vision Mortgage, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. 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 estimate costs to the penny. We explain Loan Estimates with buyers almost every day, so we are happy to answer any questions you have about closing costs.

Below is a fairly generic 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
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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

Got a Question?

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.

Your Information
Your Question

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