Your Closing Costs
Every home sale incurs fixed costs. Buyers and sellers almost always split these closing costs, as the real estate sales contract specifies.
As you'll see below, many of the closing costs result from getting your mortgage. 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 "Loan Estimate".
Loan Estimate (LE)
Very shortly after you submit your application, we'll give you a "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always estimate closing costs to the penny. We handle buyers' questions about closing costs every day at Americn Hero Mortgage, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, very 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
- Credit Report
- Up-front Interest Payment
- Escrow Account
- Loan Origination Fee
- Points — lower your mortgage interest rate (optional)
- Appraisal Fee
- Transfer Taxes & Recording Fees
- Flood / Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Americn Hero Mortgage can help you understand closing costs. Call us: 754-202-4376.