Don't Forget Closing Costs

There are certain standard costs related to closing the sale of a house. Buyers and sellers almost always split these costs, as specified in the sales contract.

As indicated below, many of the buyer's closing costs cover the costs of originating the loan. At Ward Kilduff Mortgage, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Very shortly after you apply for a loan, we'll provide you with the "Good Faith Estimate" of your costs. We base this cost estimate on our many years of past experience. Please note that while our GFEs are very accurate, we can't always estimate your costs to the penny. We handle questions about these costs every day at Ward Kilduff Mortgage, so don't hesitate to ask if you have questions.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete 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
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Ward Kilduff Mortgage can help you understand closing costs. Give us a call: (860) 658-7100.

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