Closing Costs

"Closing Costs" are the fees that cover the various services involved in the sale of a home. Buyers and sellers usually negotiate to determine who will pay different portions of these closing costs.

Many of the costs associated with buying a home are associated with getting a loan. Since Ward Kilduff Mortgage has extensive experience with mortgages & closings, we are closing cost experts.

Loan Estimates (LEs)

Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your costs. We base this closing cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we can't always predict closing costs to the penny. We go over Loan Estimates with buyers every day, so we will be happy to answer your questions about closing costs.

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

Standard Closing Costs

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

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

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