Your Closing Costs

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

Many of the closing costs associated with buying residential real estate are associated with getting a mortgage. At Ward Kilduff Mortgage, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimate (Also known as the LE)

Very shortly after you apply for a loan, we'll give you the "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 estimate your closing costs to the penny. We review Loan Estimates with buyers almost every day, so we will be happy to answer any questions you have about closing costs.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Ward Kilduff Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Costs associated with "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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

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