Closing Costs

About Closing Costs: Jim Carroll can help you understand closing costs.

Certain standard costs are related to closing the sale of a home. Buyers customarily incur these costs, as specified in the sales contract, however, depending on the contract the seller may be required to pay a portion of the closing costs. "Closing Costs" are the fees which cover various services involved when you sell or buy a home. These fees might be paid out of pocket or indirectly by increasing the loan amount or charging a higher interest rate.

Many of the closing costs associated with buying a home are set fees that can not be adjusted and then there are some that change with the value of your property. I'll always make sure the closing agents is someone you and your Realtor are comfortable with. We close in your home town with people you know, not a stranger coming in and simple having you SIGN HERE approach. Your comfort is a major concern.

Getting the Loan Estimate

Within three days after you submit your application, I'll provide you with a Loan Estimate. The Loan Estimate details information like closing costs, taxes, insurance, estimated interest rate monthly payment and more. This estimate is not an approval, rather it's the first step toward securing your loan.

 I go over estimates with buyers every day, so I'll be glad to answer any questions that you have about your closing costs.

Below you'll find a fairly general list of costs for buying residential real estate. I will always provide you with a specific list of your closing costs when I give you an estimate.

Standard Closing Costs

    Loan-Related Costs
  • Credit Report
  • Loan Origination Fee
  • Escrow Fees
  • Loan-related costs
  • Points - These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs

    Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance

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

Are you looking for a mortgage? I'd be thrilled to discuss my mortgage offerings!
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