Certain standard costs are associated with closing the sale of a house. Buyers and sellers customarily split these closing costs, as specified in the sales contract.
Many of the closing costs associated with buying residential real estate are associated with getting the loan. Since Marshall Lending is highly experienced with closings & mortgages, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we can't always predict costs to the penny. We field buyers' questions about closing costs every day at Marshall Lending, so don't hesitate to contact us if we can help answer your questions.
Below is a general list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Loan-related costs Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees Taxes Property Taxes Insurance Transfer Taxes and Recording Fees Homeowners Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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