Closing Costs for Home Real Estate Transactions

Certain standard costs are related to closing the sale of a house. Sellers and buyers almost always split these closing costs, as the real estate sales contract specifies.

As you'll see below, many of the buyer's costs are related to the costs of getting the loan. Since Contemporary Mortgage Services, Inc is highly experienced 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. 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 the LE and closing. We go over Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.

Below is a generic list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

At Contemporary Mortgage Services, Inc, we answer questions about closing costs every day. Give us a call: 407-834-3377.

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