"Closing Costs" are the fees that cover the various services involved in the sale of a home. Sellers and buyers negotiate these costs.
As indicated below, many of the costs result from getting your loan. Since Nationwide Home Loans is highly experienced with mortgages and closings, we can help you understand your closing costs.
Soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that sometimes vary a little bit at closing.
We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your loan 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 TaxesLoan-related costs Points — lower your interest rate (optional) Appraisal Fee Credit Report Up-front Interest Payment Escrow Fees Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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