What are Closing Costs?

"Closing Costs" are the fees that cover various services involved when you sell or buy residential real estate. Buyers and sellers often negotiate these closing costs.

As the list below indicates, many of the costs result from getting your mortgage loan. Since My FL Home Loans, Inc. is highly experienced with mortgages & closings, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we can't always estimate costs to the penny. We review LEs with buyers almost every day, so we are happy to answer your questions about closing costs.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your application. At My FL Home Loans, Inc., we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining YourCredit Report
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)

My FL Home Loans, Inc. can answer questions about these closing costs. Give us a call at (727) 743-1620.

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