Every home sale involves certain fixed costs. Buyers and sellers usually share these costs, as the sales contract specifies.
Many of the closing costs associated with buying residential real estate are associated with getting a loan. At Augusta Mortgage Solutions, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on Augusta Mortgage Solutions's experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We answer questions about closing costs every day at Augusta Mortgage Solutions, so please be sure to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you have completed your loan 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
Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Fees TaxesLoan Origination Fee
Transfer Taxes & Recording Fees Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood / Quake Insurance if applicable
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