Closing Costs

"Closing Costs" are the fees that pay for the various services involved when you sell or buy a house. Buyers & sellers almost always negotiate the payment of these costs.

Many of the costs associated with buying a home are associated with getting a loan. Since Bright Vision Mortgage has extensive experience with closings and mortgages, we often explain the details of closing costs.

The Loan Estimate (LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on Bright Vision Mortgage's experience with mortgage loans, but costs usually change a little bit between the LE and closing. We field buyers' questions about closing costs every day at Bright Vision Mortgage, so please be sure to ask if we can help answer your questions.

We've provided a general list of closing costs below, but we will provide 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
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance if applicable

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

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