Closing Costs
All residential real estate transactions incurs costs. Sellers and buyers customarily share these closing costs, as the real estate sales contract specifies.
As the list below indicates, many of the costs result from getting your loan. Since Sky Apply Mortgage has extensive experience with closings & mortgages, we are closing cost experts.
Good Faith Estimate (GFE)
Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. Please note that while our GFEs are very precise, we cannot always predict your costs to the penny. We handle questions about closing costs every day at Sky Apply Mortgage, so don't hesitate to contact us if we can help answer your questions.
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 complete your loan application. At Sky Apply Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
Property Taxes
- Insurance
- Recording Fees & Transfer Taxes
Homeowners Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood / Earthquake Insurance
Sky Apply Mortgage can help you understand closing costs. Give us a call: (813) 200-7931.