Closing Costs for Home Real Estate Transactions

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

As indicated below, many of the buyer's costs cover the costs of originating the mortgage loan. Since Custom Lending Group is highly experienced with mortgages and closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Soon after you submit your application, we will give you a "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We answer questions about closing costs every day at Custom Lending Group, so please feel free to contact us if you have questions.

Below you'll find a general list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)

Custom Lending Group can answer questions about these closing costs. Call us: (707) 252-2700.

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