Certain standard costs are related to closing the sale of a house. Buyers and sellers usually split these closing costs, as the real estate sales contract specifies.
As the list below indicates, many of the costs result from getting your mortgage. At Integris Loans, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".
Soon after you submit your application, we will give you the "Loan Estimate" of your costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can change slightly at the closing table.
Below is a fairly generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Points — lower your interest rate (optional) Appraisal Fee Credit Report Interest Payment Escrow Fees Various TaxesLoan Origination Fee
Transfer Taxes & Recording Fees Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
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