"Closing Costs" are the fees that cover various services involved in the sale of residential real estate. Buyers and sellers usually negotiate to decide how to split these costs.
As indicated below, many of the buyer's closing costs cover the costs of originating the loan. Since AmeriBest Mortgage is highly experienced with closings & mortgages, we are closing cost experts.
Buyers will get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This closing cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We handle questions about closing costs every day at AmeriBest Mortgage, so please feel free to ask if you have questions.
Below you'll find a general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs TaxesCosts associated with "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Interest Payment Escrow Account Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.