About Closing Costs

Certain standard costs are associated with closing the sale of a house. Buyers and sellers usually share these costs, as the real estate sales contract specifies.

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

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.

We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very soon after you have completed your loan 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
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs related to "originating" your loan
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Custom Lending Group can help you understand closing costs. Give us a call: 7072522700.

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