Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees that cover various services involved in the sale of a home. Sellers and buyers usually negotiate to determine who will pay different portions of these closing costs.

As you'll see below, many of the buyer's costs cover the costs of getting the mortgage loan. Since Augusta Mortgage Solutions is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Very shortly after you apply for a loan, we'll give you a "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We go over LEs with buyers every day, so we'd be glad to answer any questions you have about closing costs.

We've provided a general list of these costs below, but we'll provide 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

Loan-Related Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

At Augusta Mortgage Solutions, we answer questions about closing costs every day. Call us at 7068605514.

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Augusta Mortgage Solutions

NMLS#:148529 GA Residential Mortgage Licensee #18861

141 North Belair Road Suite 102 NMLS# 149807
Evans, GA 30809-7431