About Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. Sellers and buyers almost always negotiate these costs.

As indicated below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. At Tenby J. Dahman, we have extensive experience in mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Very shortly after you apply for a loan, we'll give you the "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 usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We review LEs with buyers every day, so we are happy to answer the you have about closing costs.

Below is a general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Tenby J. Dahman can answer questions about these closing costs. Give us a call: 3038627760.