About Closing Costs

There are certain standard costs associated with closing the sale of a home. Buyers and sellers usually share these closing costs, as specified in the sales contract.

As indicated below, many of the costs result from getting your loan. Since Ward Kilduff Mortgage has extensive experience with closings and mortgages, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We field buyers' questions about closing costs every day at Ward Kilduff Mortgage, so please be sure to ask if you have questions.

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

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance

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

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