Your Closing Costs

"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Sellers & buyers negotiate to determine who will pay different portions of these costs.

As you'll see below, many of the costs result from getting your mortgage. Since Custom Lending Group is highly experienced with mortgages & closings, we often explain the details of closing costs.

The Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs around 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 LEs are very accurate, we cannot always predict costs to the penny. We answer buyers' questions about closing costs every day at Custom Lending Group, so please feel free to ask if we can help answer your questions.

Below is a 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
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Custom Lending Group can help you understand closing costs. Call us at (707) 252-2700.

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