Every home sale involves costs. Buyers and sellers customarily share these costs, as the real estate sales contract specifies.
As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Nationwide Home Loans is highly experienced with mortgages & closings, we are closing cost experts.
Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we can't always predict your costs to the penny. We explain LEs with buyers every day, so we'd be glad to answer the you have about closing costs.
Below you'll find a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Account TaxesLoan Origination Fee Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Costs Getting Your Credit Report Interest Payment Property Taxes Insurance Transfer Taxes & Recording Fees Homeowners Insurance Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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.