There are certain standard costs related to closing the sale of a home. Buyers and sellers customarily split these costs, as specified in the real estate sales contract.
As you'll see below, many of the costs result from getting your mortgage. Since Capacity Lending, LLC has extensive experience with mortgages and closings, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Capacity Lending, LLC's experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We handle buyers' questions about closing costs every day at Capacity Lending, LLC, so please feel free to ask if you have questions.
Below you'll find a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Pulling Your Credit Report Up-front Interest Payment Escrow Account TaxesCosts related to "originating" your loan
Transfer Taxes & Recording Fees Insurance
Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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