What are 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 you'll see below, many of the costs result from getting your mortgage loan. Since Ward Kilduff Mortgage has extensive experience with mortgages & closings, we are closing cost experts.

Good Faith Estimate (GFE)

Soon after you submit your application, we will provide you with a "Good Faith Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. Please note that while our GFEs are very precise, we can't always predict your closing costs to the penny. We field questions about closing costs every day at Ward Kilduff Mortgage, so please feel free to contact us if you have questions.

Below you'll find a fairly general list of costs for buying a home. We will provide you with a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — lower your interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance if applicable

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

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