Every home sale incurs certain fixed costs. Buyers and sellers usually share these costs, as the sales contract specifies.
As you'll see below, many of the buyer's costs cover the costs of getting the mortgage loan. At Sublime Financial, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your "Loan Estimate".
Soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on Sublime Financial's experience with mortgage loans, but costs usually vary by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes vary a little bit at closing.
Below is a fairly general list of costs for buying a home. We will provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Credit Report Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — A fee paid to lower your mortgage interest rate (optional) Appraisal Costs
Insurance Transfer Taxes and Recording Fees
Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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