About Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Buyers and sellers negotiate these closing costs.

As the list below indicates, many of the costs result from getting your mortgage. Since Ward Kilduff Mortgage has extensive experience with closings and mortgages, we are closing cost experts.

Loan Estimate (LE)

Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. This closing cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We handle questions about closing costs every day at Ward Kilduff Mortgage, so don't hesitate to ask if you have questions.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan 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
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

Ward Kilduff Mortgage can answer questions about these closing costs. Give us a call: (860) 658-7100.

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