Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for various services involved in the sale of a home. Sellers and buyers almost always negotiate these costs.

Many of the closing costs associated with buying a home are associated with getting the mortgage. At Tenby J. Dahman, we are highly experienced in mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".

Loan Estimate (LE)

Soon after you submit your application, we'll provide you with the "Loan Estimate" of your costs. This cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.

Below you'll find a fairly generic list of closing costs. 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 — A fee paid to lower your interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Up-front Interest Payment
• Escrow Account
• Various Taxes
• Loan-related costs

Property Taxes

• Insurance
• Transfer Taxes and Recording Fees

Homeowners Insurance

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

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