Your Closing Costs

"Closing Costs" are the fees that cover various services involved when you sell or buy residential real estate. Sellers & buyers often negotiate to determine who will pay different portions of these closing costs.

Many of the costs associated with buying a house are associated with getting a mortgage loan. Since Capacity Lending, LLC has extensive experience with closings and mortgages, we are closing cost experts.

Good Faith Estimates (GFEs)

Very soon after you apply for a loan, we'll give you the "Good Faith Estimate" of your costs. The 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 pointing out costs that can vary a little bit at the closing table.

Below you'll find a fairly generic list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — A fee paid to lower your interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

At Capacity Lending, LLC, we answer questions about closing costs every day. Give us a call: 469-640-0400.

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