Don't Forget Closing Costs

Certain standard costs are associated with closing the sale of a house. Sellers and buyers customarily share these closing costs, as specified in the real estate sales contract.

As you'll see below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Sky Apply Mortgage, Inc, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Loan Estimate".

The Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We field buyers' questions about these costs every day at Sky Apply Mortgage, Inc, so please be sure to ask if we can help answer your questions.

Below is a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance

Sky Apply Mortgage, Inc can help you understand closing costs. Give us a call at (813) 200-7931.

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