All residential real estate transactions involves costs. Buyers and sellers usually share these costs, as the real estate sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage. Since Augusta Mortgage Solutions has extensive experience with closings & mortgages, we are closing cost experts.
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 Augusta Mortgage Solutions's experience with mortgage loans, but costs usually change a little bit between the LE and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at the closing table.
Below you'll find a fairly general list of costs for buying residential real estate. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Various TaxesLoan Origination Fee Points — A fee paid to lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment Escrow Fees
Insurance Transfer Taxes & Recording Fees
Flood or Quake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
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