Closing Costs for Home Real Estate Transactions
All residential real estate sales incurs costs. Sellers and buyers usually share these closing costs, as specified in the real estate sales contract.
Many of the costs associated with buying a home are associated with getting a mortgage. Since America's Money Source has extensive experience with closings & mortgages, we are closing cost experts.
Good Faith Estimate (GFE)
Soon after you submit your application, we'll give you a "Good Faith Estimate" of your closing 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 predict costs to the penny. We review Good Faith Estimates with buyers almost every day, so we'd be glad to answer any questions you have about closing costs.
We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At America's Money Source, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
- Costs related to "originating" your loan
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Fees
- Recording Fees and Transfer Taxes
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
America's Money Source can help you understand closing costs. Call us: (407) 898-7559.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.