Closing Costs

Certain standard costs are associated with closing the sale of a home. Buyers and sellers customarily share these closing costs, as the sales contract specifies.

As indicated below, many of the costs result from getting your mortgage. Since Americn Hero Mortgage is highly experienced with mortgages and closings, we can help you understand your closing costs.

The Good Faith Estimate (GFE)

Very shortly after you submit your application, we'll provide you with a "Good Faith Estimate" of your closing costs. This cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we cannot always predict your costs to the penny. We review Good Faith Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.

Below you'll find a generic list of costs for buying a home. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs associated with "originating" your loan
  • Points — lower your interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Americn Hero Mortgage, we answer questions about closing costs every day. Call us at 754-202-4376.

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