There are certain standard costs related to closing the sale of a home. Sellers and buyers customarily split these costs, as the sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting the loan. Since Capacity Lending, LLC has extensive experience with closings & mortgages, we are closing cost experts.
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we can't always predict closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that sometimes vary a little bit at the closing table.
Below is a generic list of closing costs. We will always provide a specific list of your closing costs when we deliver your Good Faith Estimate.
Standard Closing Costs
Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Account Various TaxesCosts related to "originating" your loan Points — A fee paid to lower your interest rate (optional)
Insurance Transfer Taxes & Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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