Every home sale incurs certain costs. Sellers and buyers customarily share these costs, as specified in the sales contract.
As indicated below, many of the closing costs result from getting your mortgage loan. At Coastal Lending Group LLC, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Loan Estimate".
Soon after you apply for a loan, we'll give you a "Loan Estimate" of your costs. This cost estimate is based on the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over LEs with buyers every day, so we'd be glad to answer the you have about closing costs.
Below is a general list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing CostsLoan-Related Costs
Up-front Interest Payment
Costs associated with "originating" your loan
Points — A fee paid to lower your interest rate (optional) Property Taxes
Recording Fees & Transfer Taxes
Insurance Homeowners Insurance
Flood / Quake Insurance if applicable
Private Mortgage Insurance (PMI)
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