What are Closing Costs?

"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. Buyers and sellers negotiate these costs.

As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Custom Lending Group has extensive experience with mortgages & closings, we are closing cost experts.

Good Faith Estimates (GFEs)

Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always estimate costs to the penny. We field buyers' questions about closing costs every day at Custom Lending Group, so please be sure to contact us if we can help answer your questions.

Below you'll find a generic list of costs for buying a home. We will always provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Custom Lending Group can answer questions about these closing costs. Give us a call at (707) 252-2700.

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