Closing Costs for Residential Real Estate Transactions

	Are you looking for a mortgage? We can help! Give us a call at 469.450.9453. Ready to begin? Apply Here.

Every home sale incurs certain costs. Sellers and buyers almost always split these costs, as the sales contract specifies.

As indicated below, many of the closing costs result from getting your mortgage. Since www.JordanWilde.com is highly experienced with mortgages & closings, we often explain the details of closing costs.

Good Faith Estimate (GFE)

Soon after you submit your application, we will provide you with the "Good Faith Estimate" of your closing costs. The closing costs enumerated in the GFE are estimated based on www.JordanWilde.com's experience with mortgage loans, but costs often vary by small amounts between the Good Faith Estimate (GFE) and closing. We explain Good Faith Estimates with buyers every day, so we will be happy to answer your questions about closing costs.

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

Standard Closing Costs

Loan-Related Costs

• Pulling YourCredit Report
• Interest Payment
• Escrow Account
• Taxes
• Loan-related costs
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Costs

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood / Quake Insurance

www.JordanWilde.com can answer questions about these closing costs. Call us at 469.450.9453.