Your Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of a house. Sellers & buyers almost always negotiate to decide how to split these closing costs.

Many of the costs associated with buying a house are associated with getting a loan. Since Ward Kilduff Mortgage is highly experienced with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary a little bit between delivery of the LE and closing. We handle questions about closing costs every day at Ward Kilduff Mortgage, so please be sure to contact us if you have questions.

Below is a general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Ward Kilduff Mortgage can answer questions about these closing costs. Give us a call: (860) 658-7100.

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