About Closing Costs

There are certain standard costs related to closing the sale of a home. Buyers and sellers customarily share these costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Tenby J. Dahman has extensive experience with mortgages & closings, we are closing cost experts.

Loan Estimates (LEs)

Very shortly after you submit your application, we will give you a "Loan Estimate" of your costs. The closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at closing.

Below you'll find a general list of costs for buying a home. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account
• Taxes
• Costs related to "originating" your loan

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

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

At Tenby J. Dahman, we answer questions about closing costs every day. Call us at 3038627760.