About Closing Costs

"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.

Loan Estimates (LEs)

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

Loan-Related Costs
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Abbey Mortgage can answer questions about these closing costs. Give us a call at 3523694200.

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Abbey Mortgage

Company NMLS#: 374095

2107 SE 3rd Ave.
Ocala, FL 34471