About Closing Costs

Every home sale involves certain costs. Sellers and buyers almost always share these closing costs, as specified in the real estate sales contract.

As the list below indicates, many of the closing costs result from getting your mortgage. At AmeriBest Mortgage, we are highly experienced in mortgage lending, so we can compile a comprehensive report on costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Very soon after you submit your application, we will provide you with the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We handle questions about closing costs every day at AmeriBest Mortgage, so please be sure to ask if we can help answer your questions.

Below is a generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Costs associated with "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At AmeriBest Mortgage, we answer questions about closing costs every day. Call us at (321) 777-7277.

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