Don't Forget Closing Costs

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.

The Loan Estimate (LE)

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

Loan-Related Costs
  • Appraisal Costs
  • Pulling Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

My FL Home Loans, Inc. can answer questions about these closing costs. Call us: (727) 743-1620.

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