Closing Costs

There are certain standard costs associated with closing the sale of a house. Sellers and buyers almost always share these costs, as specified in the real estate sales contract.

Many of the costs associated with buying a home are associated with getting a mortgage. At Affinity Mortgage Brokers, we have extensive experience in mortgage lending, so we can compile a comprehensive list of costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Very shortly after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our LEs are very precise, we can't always estimate your costs to the penny. We handle buyers' questions about these costs every day at Affinity Mortgage Brokers, so don't hesitate to ask if you have questions.

Below is a fairly generic list of costs for buying residential real estate. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Obtaining YourCredit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Affinity Mortgage Brokers can help you understand closing costs. Give us a call: 719-425-2226.


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