Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for various services involved in the sale of residential real estate. Sellers and buyers often negotiate to decide how to share these closing costs.

Many of the closing costs associated with buying a home are associated with getting the mortgage loan. Since MidTowne Mortgage has extensive experience with closings & mortgages, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we cannot always predict your closing costs to the penny. We handle buyers' questions about closing costs every day at MidTowne Mortgage, so please be sure to contact us if we can help answer your questions.

Below is a general list of closing costs. We will always provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

At MidTowne Mortgage, we answer questions about closing costs every day. Call us: (478) 746-2063.

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