Closing Costs

There are certain standard costs associated with closing the sale of a house. Sellers and buyers almost always split these closing costs, as the real estate sales contract specifies.

As indicated below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Custom Lending Group has extensive experience with mortgages and closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate comes out of our past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over Loan Estimates with buyers almost every day, so we are happy to answer your questions about closing costs.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Custom Lending Group, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front 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
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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

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