Every home sale involves certain costs. Buyers and sellers almost always share these costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting the mortgage. Since AFI Mortgage Company is highly experienced with mortgages and closings, we are closing cost experts.
Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Good Faith Estimate are estimated based on our experience with mortgage loans, but costs usually change by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We field questions about closing costs every day at AFI Mortgage Company, so don't hesitate to contact us if you have questions.
Below is a 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 Good Faith Estimate.
Standard Closing Costs
TaxesLoan Origination Fee Points — lower your interest rate (optional) Appraisal Costs Credit Report Up-front Interest Payment Escrow Account
Recording Fees & Transfer Taxes Insurance
Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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