About Closing Costs

"Closing Costs" are the fees which pay for various services involved when you sell or buy a house. Buyers & sellers negotiate to decide how to share these closing costs.

As the list below indicates, many of the closing costs result from getting your mortgage. At Ward Kilduff Mortgage, we are highly experienced in residential mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Loan Estimate".

Loan Estimate (LE)

Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. This cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we can't always predict your closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.

Below you'll find a fairly generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

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

At Ward Kilduff Mortgage, we answer questions about closing costs every day. Give us a call: (860) 658-7100.

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