Every home sale incurs fixed costs. Sellers and buyers customarily share these costs, as the sales contract specifies.
As indicated below, many of the closing costs result from getting your mortgage. At Nationwide Home Loans, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always predict your closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at the closing table.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Nationwide Home Loans, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Loan-related costs Points — lower your interest rate (optional) Appraisal Costs Credit Report Interest Payment Escrow Fees Various Taxes Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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