Closing Costs
Certain standard costs are associated with closing the sale of a home. Buyers and sellers almost always share these costs, as the sales contract specifies.
As indicated below, many of the buyer's costs cover the costs of originating the mortgage loan. At Sky Apply Mortgage, Inc, we are highly experienced in mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".
Loan Estimate (Also known as the LE)
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate comes out of our past experience. It's important to note that while our LEs are very accurate, we can't always estimate costs to the penny. We go over LEs with buyers almost every day, so we are happy to answer your questions about closing costs.
Below you'll find a general list of costs for buying a home. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Loan-Related Costs
- Taxes
- Loan Origination Fee
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Account
Property Taxes
- Insurance
- Transfer Taxes and Recording Fees
Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Sky Apply Mortgage, Inc can answer questions about these closing costs. Call us: (813) 200-7931.