Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for the various services involved in the sale of residential real estate. Buyers & sellers usually negotiate these closing costs.

Many of the closing costs associated with buying a house are associated with getting the mortgage loan. At Americn Hero Mortgage, we have extensive experience in mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimate (GFE)

Soon after you submit your application, we will give you a "Good Faith Estimate" of your costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our GFEs are very accurate, we cannot always predict your closing costs to the penny. We answer questions about these costs every day at Americn Hero Mortgage, so don't hesitate to ask if we can help answer your questions.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Americn Hero Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

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

Americn Hero Mortgage can answer questions about these closing costs. Call us: 754-202-4376.

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