Your Closing Costs

Every home sale involves certain fixed costs. Buyers and sellers usually split these closing costs, as the sales contract specifies.

As you'll see below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Equity Edge Mortgage, Inc. has extensive experience with closings & mortgages, we are closing cost experts.

The Good Faith Estimate (GFE)

Soon after you apply for a loan, we'll give you the "Good Faith Estimate" of your closing costs. The closing costs spelled out in the GFE are estimated based on Equity Edge Mortgage, Inc.'s experience with mortgage loans, but costs often change by small amounts between the Good Faith Estimate (GFE) and closing. We go over GFEs with buyers every day, so we'd be glad to answer your questions about closing costs.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Equity Edge Mortgage, Inc., we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)

Equity Edge Mortgage, Inc. can answer questions about these closing costs. Give us a call at 719-425-2226.