About Closing Costs
Every home sale incurs certain fixed costs. Sellers and buyers almost always share these closing costs, as the sales contract specifies.
As you'll see below, many of the buyer's costs cover the costs of getting the loan. At Executive Lending Group, LLC, we are highly experienced in residential mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".
Loan Estimates (LEs)
Soon after you submit your application, we'll give you a "Loan Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we can't always estimate your costs to the penny. We handle buyers' questions about these costs every day at Executive Lending Group, LLC, so please be sure to ask if we can help answer your questions.
Below is a general list of costs for buying a home. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs
Loan-Related Costs
- Interest Payment
- Escrow Fees
- Various Taxes
- Costs related to "originating" your loan
- Points — lower your mortgage interest rate (optional)
- Appraisal Costs
- Pulling YourCredit Report
Property Taxes
- Transfer Taxes & Recording Fees
- Insurance
Homeowners Insurance
- Flood or Quake Insurance if applicable
- Private Mortgage Insurance (PMI)
- Title Insurance
Executive Lending Group, LLC can answer questions about these closing costs. Give us a call: 8165258000.