All residential real estate sales involves fixed costs. Buyers and sellers customarily share these costs, as the sales contract specifies.
As you'll see below, many of the buyer's costs are related to the costs of originating the loan. Since Augusta Mortgage Solutions is highly experienced with closings & mortgages, we can help you understand your closing costs.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the LE are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually change by small amounts between the Loan Estimate (LE) and closing. We review LEs with buyers almost every day, so we'd be glad to answer the you have about closing costs.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your application. At Augusta Mortgage Solutions, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Escrow Account Various TaxesLoan Origination Fee Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Title Insurance Flood / Quake Insurance Private Mortgage Insurance (PMI)
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