Your Closing Costs

"Closing Costs" are the fees which pay for various services involved in the sale of a house. Sellers and buyers almost always negotiate these closing costs.

As you'll see below, many of the closing costs result from getting your mortgage loan. Since Ward Kilduff Mortgage has extensive experience with mortgages and closings, we often explain the details of closing costs.

Loan Estimates (LEs)

Soon after you apply for a loan, we'll give you a "Loan Estimate" of your costs. This closing cost estimate is based on our 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 highlighting costs that sometimes change slightly at the closing table.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Ward Kilduff Mortgage, 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
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

At Ward Kilduff Mortgage, we answer questions about closing costs every day. Give us a call at (860) 658-7100.

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