Certain standard costs are associated with closing the sale of a home. Sellers and buyers customarily split these closing costs, as the real estate sales contract specifies.
As you'll see below, many of the closing costs result from getting your mortgage. Since My FL Home Loans, Inc. is highly experienced with closings and mortgages, we are closing cost experts.
Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on My FL Home Loans, Inc.'s experience with mortgage loans, but costs often vary a little bit between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes change slightly at the closing table.
Below is a generic list of costs for buying a home. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs
Appraisal Costs Pulling Your Credit Report Interest Payment Escrow Account TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional)
InsuranceRecording Fees & Transfer Taxes
Flood / Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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