How do Closing Costs Work?

Certain standard costs are associated with closing the sale of a house. Buyers and sellers almost always share these closing costs, as specified in the sales contract.

As indicated below, many of the closing costs result from getting your mortgage. Since Americn Hero Mortgage has extensive experience with mortgages and closings, we are closing cost experts.

Loan Estimates (LEs)

Soon after you submit your application, we will provide you with a "Loan Estimate" of your costs. The closing cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very precise, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at closing.

We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your 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
  • Getting YourCredit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)

At Americn Hero Mortgage, we answer questions about closing costs every day. Call us: 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