"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Buyers and sellers usually negotiate to decide how to share these costs.
As the list below indicates, many of the costs result from getting your mortgage. At Greystone Loans, Inc., we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always estimate your closing costs to the penny. We field buyers' questions about these costs every day at Greystone Loans, Inc., so please be sure to contact us if you have questions.
Below you'll find a generic list of closing costs. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Account Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.