Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of a home. Buyers and sellers negotiate these costs.

As the list below indicates, many of the closing costs result from getting your loan. At Capacity Lending, LLC, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of costs related to your mortgage in your "Good Faith Estimate".

The Good Faith Estimate (GFE)

Soon after you submit your application, we'll provide you with the "Good Faith Estimate" of your closing costs. The closing costs specified in the GFE are estimated based on Capacity Lending, LLC's experience with mortgage loans, but costs usually change by small amounts between the Good Faith Estimate (GFE) and closing. We field buyers' questions about closing costs every day at Capacity Lending, LLC, so please feel free to contact us if you have questions.

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 have completed your application. At Capacity Lending, LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Capacity Lending, LLC can help you understand closing costs. Call us: 469-640-0400.

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