Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As we negotiate the sales contract for you, we will not only work to get the sales price you want, we will also work to limit the number of closing costs for which you will be responsible.

We will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. We will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates we believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 


Mortgage Calculator:
Sales Price: $
Down: %
Interest Rate: %
Term: yrs
Monthly payment: $





911 E. Pickard, Suite C Mt. Pleasant, MI 48858
Cell: Fax:

Why Get An Inspection? | ResultsforYou | Staff Profiles | Contact Us | Curb Appeal List | Tax Closing Costs | Insurance Closing Costs | Getting the Highest Price | Free Home Valuation | Tax Estimator | Closing Costs | Get Pre-qualified | Real Estate Glossary | Our Homes | Home | Applying for a Loan | The Bi-Weekly Mortgage | Mortgage Saving Tips | Your Downpayment | Lender Types | Staying Approved | Staging Checklist | Search All Area Homes | Seller Paid Closing | Bi-weekly Pmt Calc | ARM Calc | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | ARM vs Fixed Rate Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Mortgage Calculators | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Buying Foreclosures/REO's | Contingencies in Contracts | Homeowner Warranties

Copyright © 2008 Century21 Bowerman/Peake Realty Inc.
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.