Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Buyers & sellers often negotiate to determine who will pay different portions of these closing costs.

Many of the costs associated with buying a house are associated with getting the loan. Since Tenby J. Dahman is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimate (LE)

Soon after you submit your application, we will provide you with a "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over LEs with buyers almost every day, so we will be happy to answer any questions you have about closing costs.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At Tenby J. Dahman, 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

• Up-front Interest Payment
• Escrow Fees
• Various Taxes
• Costs associated with "originating" your loan
• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Costs
• Credit Report

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

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

Tenby J. Dahman can help you understand closing costs. Call us: 3038627760.