About Closing Costs

Certain standard costs are related to closing the sale of a house. Buyers and sellers customarily share these costs, as specified in the sales contract.

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

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We review LEs with buyers almost every day, so we are happy to answer any questions you have about closing costs.

Below is a fairly general 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

• Up-front Interest Payment
• Escrow Fees
• Taxes
• Loan-related costs
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Costs
• Obtaining YourCredit Report

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

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

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