Henin Realty

UNDERSTANDING CLOSING COSTS

As we negotiate the purchase contract on your behalf, we will strive to achieve not only the selling price that you want, but to also limit the number and amount of closing costs for which you are responsible. 

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 are happy to review the Good Faith Estimate and provide comments based on our experience.

STANDARD CLOSING COSTS

understanding closing costs

Loan-Related Costs:

  • Loan origination fee
  • Points (if applicable)
  • Appraisal fee
  • Credit report
  • Interest payment
  • Escrow fee

Tax-Related Costs:

  • Prorated property taxes
  • Transfer taxes
  • Recording fees

Insurance-Related Costs:

  • Homeowners insurance
  • Flood or earthquake insurance
  • Private mortgage insurance (“PMI”)
  • Title insurance