About Closing Costs

"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Sellers and buyers negotiate to determine who will pay different portions of these closing costs.

As the list below indicates, many of the closing costs result from getting your loan. At Ward Kilduff Mortgage, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Good Faith Estimate".

The Good Faith Estimate (GFE)

Soon after you submit your application, we will give you the "Good Faith Estimate" of your costs. The closing costs specified in the GFE are estimated based on Ward Kilduff Mortgage's experience with mortgage loans, but costs often change a little bit between the GFE and closing. We field buyers' questions about these costs every day at Ward Kilduff Mortgage, so don't hesitate to contact us if we can help answer your questions.

Below you'll find a general list of closing costs. We will always provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
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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