Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which cover various services involved in the sale of a home. Sellers & buyers often negotiate the payment of these closing costs.

As indicated below, many of the costs result from getting your mortgage. Since Capacity Lending, LLC has extensive experience with mortgages & closings, we are closing cost experts.

Good Faith Estimates (GFEs)

Soon after you submit your application, we will give you the "Good Faith Estimate" of your costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that sometimes change slightly at closing.

Below you'll find a fairly general list of costs for buying a home. We will always provide a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

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

At Capacity Lending, LLC, we answer questions about closing costs every day. Call us at 469-640-0400.

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