Your Closing Costs
"Closing Costs" are the fees which pay for various services involved in the sale of a home. Buyers and sellers often negotiate to decide how to share these costs.
Many of the costs associated with buying a house are associated with getting the loan. Since Tenby J. Dahman The Dahman Team is highly experienced with mortgages & closings, we can help you understand your closing costs.
Loan Estimates (LEs)
Very soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on Tenby J. Dahman The Dahman Team 's experience with mortgage loans, but costs often change by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes change slightly at the closing table.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete your application. At Tenby J. Dahman The Dahman Team , 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
- Obtaining YourCredit Report
- Up-front Interest Payment
- Escrow Fees
- Various Taxes
- Loan Origination Fee
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Fee
Property Taxes
- Insurance
- Recording Fees and Transfer Taxes
Homeowners Insurance
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Tenby J. Dahman The Dahman Team can help you understand closing costs. Give us a call: 3038627760.