There are certain standard costs associated with closing the sale of a home. Sellers and buyers customarily share these costs, as the real estate sales contract specifies.
As the list below indicates, many of the costs result from getting your loan. Since Channel Mortgage LLC is highly experienced with mortgages and closings, we often explain the details of closing costs.
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between delivery of the LE and closing. We handle questions about these costs every day at Channel Mortgage LLC, so don't hesitate to contact us if you have questions.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your application. At Channel Mortgage LLC, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Pulling YourCredit Report Interest Payment Escrow Account TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee
InsuranceRecording Fees & Transfer Taxes
Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
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.