Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

 

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application.  The estimate is based on my past experience and may not include all the closing costs. 

 

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

 

This is NOT a commitment to lend.  This is an advertisement. A and N Mortgage Services, Inc. is an Illinois Residential Mortgage Licensee and an Equal Housing Lender.  MB#0006638,  FL MLD288,  IN 1122, IA 2006-0064, MA  MC5413, MI FL0012625, WI 19291BA  NMLS# 19291   Michael Poland MB# 31.0010234  NMLS# 222653

 

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