There are certain standard costs associated with closing the sale of a house. Sellers and buyers almost always split these costs, as the real estate sales contract specifies.
As indicated below, many of the costs result from getting your mortgage loan. Since Augusta Mortgage Solutions has extensive experience with mortgages & closings, we can help you understand your closing costs.
Very shortly after you submit your application, we will provide you with the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We field buyers' questions about these costs every day at Augusta Mortgage Solutions, so please be sure to contact us if we can help answer your questions.
Below is a general list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Up-front Interest Payment Escrow Fees TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Property Taxes Transfer Taxes & Recording Fees Insurance Homeowners Insurance Title Insurance Flood / Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
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