Closing Costs for Home Real Estate Transactions

Certain standard costs are associated with closing the sale of a home. Sellers and buyers almost always split these closing costs, as specified in the sales contract.

As indicated below, many of the buyer's costs are related to the costs of getting the loan. At Tenby J. Dahman The Dahman Team , we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Loan Estimate".

The Loan Estimate (LE)

Buyers will receive 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 our experience with mortgage loans, but costs often vary a little bit between the LE and closing. We handle questions about closing costs every day at Tenby J. Dahman The Dahman Team , so please be sure to ask if we can help answer your questions.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Tenby J. Dahman The Dahman Team , 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

• Loan-related costs
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Costs
• Credit Report
• Up-front Interest Payment
• Escrow Account
• Various Taxes

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

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

Tenby J. Dahman The Dahman Team can help you understand closing costs. Give us a call at 3038627760.