What are Closing Costs?

Certain standard costs are related to closing the sale of a house. Buyers and sellers customarily share these costs, as the real estate sales contract specifies.

Many of the closing costs associated with buying residential real estate are associated with getting a loan. Since Americn Hero Mortgage has extensive experience with closings & mortgages, we are closing cost experts.

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. This closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.

Below you'll find a generic list of closing costs. We will always provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

At Americn Hero Mortgage, we answer questions about closing costs every day. Give us a call: 754-202-4376.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question

English French German Portuguese Spanish