About Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of residential real estate. Buyers and sellers often negotiate to determine who will pay different portions of these closing costs.

Many of the costs associated with buying a home are associated with getting the mortgage. Since Tenby J. Dahman The Dahman Team has extensive experience with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Soon after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. We base this cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We review LEs with buyers almost every day, so we will be 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 loan 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

• Taxes
• Costs associated with "originating" your loan
• Points — lower your mortgage interest rate (optional)
• Appraisal Fee
• Pulling Your Credit Report
• Up-front Interest Payment
• Escrow Account

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood or Quake Insurance

Tenby J. Dahman The Dahman Team can answer questions about these closing costs. Give us a call: 3038627760.