Closing costs that are tied to financing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your transaction, not only will I work to get the highest sales price, but I’ll also advocate for lower closing costs. And once we’ve arrived at an agreement, I’ll fully clarify the closing costs so you are informed of exactly what you’re paying for.
Buyers: If you are purchasing a home in Clark County, you’ll be given a “Good Faith Estimate” (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer’s past experiences and is required to be within a reasonable range so you’re not startled when you reach the closing appointment. I’ll be willing to go over the GFE with you, answering your questions and highlighting any estimates that seem questionable.