Closing Costs for Home Real Estate Transactions

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.

The Loan Estimate (Also known as the LE)

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
  • Taxes
  • Loan 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)

Nationwide Home Loans can answer questions about these closing costs. Give us a call at 5626935048.

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Nationwide Home Loans

NMLS #238531| CA BRE #01017101

16211 Whittier Blvd.
Whittier, CA 90603