Closing Costs

Every home sale involves certain costs. Sellers and buyers almost always split these closing costs, as specified in the real estate sales contract.

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

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll give you the "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We field buyers' questions about these costs every day at Tenby J. Dahman The Dahman Team , so please be sure to contact us if you have questions.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your application. At Tenby J. Dahman The Dahman Team , we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Escrow Fees
• Taxes
• Loan Origination Fee
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Up-front Interest Payment

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

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

Tenby J. Dahman The Dahman Team can help you understand closing costs. Call us at 3038627760.