Closing Costs:
There are standard closing costs when purchasing a home that are split between the seller and buyer, as stated in the sales contract. Other closing costs for the buyer will be on a "Good Faith Estimate" from the lender. Based on the lender all of the costs may not be listed. I will go over the "Good Faith Estimate" with you and point out the items that I believe are estimated low or missing.
Standard Closing Costs
- Loan origination fee
- Points (optional)
- Appraisal fee
- Credit report
- Interest payment
- Escrow
- Transfer of taxes
- Recording fee
- Property taxes
- Title insurance
- Homeowners insurance
- Flood insurance (some areas)
- PMI (unless 20% down)
