Your Closing Costs
"Closing Costs" are the fees which pay for various services involved in the sale of residential real estate. Sellers & buyers negotiate the payment of these closing costs.
As you'll see below, many of the buyer's closing costs cover the costs of originating the mortgage loan. Since Sky Apply Mortgage, Inc has extensive experience with mortgages & closings, we can help you understand your closing costs.
Loan Estimates (LEs)
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between the Loan Estimate (LE) and closing. We answer buyers' questions about these costs every day at Sky Apply Mortgage, Inc, so please feel free to contact us if we can help answer your questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your loan application. At Sky Apply Mortgage, Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Loan-related costs
- Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Up-front Interest Payment
- Escrow Account
- Taxes
Property Taxes
- Insurance
- Recording Fees & Transfer Taxes
Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Sky Apply Mortgage, Inc can help you understand closing costs. Give us a call: (813) 200-7931.