About Closing Costs

Certain standard costs are associated with closing the sale of a house. Sellers and buyers customarily split these costs, as the real estate sales contract specifies.

As the list below indicates, many of the costs result from getting your loan. At Affinity Mortgage Brokers, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

The Loan Estimate (Also known as the LE)

Very soon after you submit your application, we'll give you 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 closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at closing.

Below is a generic list of closing costs. We will provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

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

At Affinity Mortgage Brokers, we answer questions about closing costs every day. Give us a call at 719-425-2226.


English French German Portuguese Spanish