Closing Costs for Home Real Estate Transactions

Certain standard costs are related to closing the sale of a home. Buyers and sellers almost always share these closing costs, as the sales contract specifies.

As indicated below, many of the closing costs result from getting your loan. At Town & Country Home Loans, Inc., we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

The Loan Estimate (LE)

Very soon after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very precise, we cannot always estimate closing costs to the penny. We field questions about closing costs every day at Town & Country Home Loans, Inc., 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'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Town & Country Home Loans, Inc., 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

• Appraisal Costs
• Getting Your Credit Report
• Up-front Interest Payment
• Escrow Fees
• Various Taxes
• Loan Origination Fee
• Points — A fee paid to lower your mortgage interest rate (optional)

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

• Title Insurance
• Flood / Earthquake Insurance
• Private Mortgage Insurance (PMI)

Town & Country Home Loans, Inc. can help you understand closing costs. Call us: (760)789-9995.