All residential real estate transactions involves certain costs. Buyers and sellers almost always share these costs, as the sales contract specifies.
As indicated below, many of the buyer's costs are related to the costs of originating the mortgage loan. Since Augusta Mortgage Solutions has extensive experience with mortgages and closings, we are closing cost experts.
Soon after you submit your application, we will provide you with the "Loan Estimate" of your closing costs. The closing cost estimate is based on the loan officer's past experience. Please note that while our LEs are very precise, we can't always predict your costs to the penny. We field questions about these costs every day at Augusta Mortgage Solutions, so please feel free to ask if we can help answer your questions.
We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your application. At Augusta Mortgage Solutions, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Up-front Interest Payment Escrow Account Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Fee Pulling YourCredit Report
InsuranceRecording Fees and Transfer Taxes
Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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