"Closing Costs" are the fees that pay for the various services involved when you sell or buy a home. Buyers & sellers almost always negotiate to decide how to split these closing costs.
As the list below indicates, many of the costs result from getting your loan. Since Abbey Mortgage is highly experienced with closings & mortgages, we are closing cost experts.
Soon after you apply for a loan, we'll give you the "Loan Estimate" of your closing costs. The closing costs specified in the LE are estimated based on Abbey Mortgage's experience with mortgage loans, but costs often change by small amounts between the LE and closing. We review LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.
Below is a fairly generic list of costs for buying residential real estate. We will provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Escrow Fees TaxesLoan-related costs Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Credit Report Interest Payment
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI)
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.