Don't Forget Closing Costs

All residential real estate sales incurs fixed costs. Sellers and buyers almost always share these closing costs, as specified in the sales contract.

As you'll see below, many of the buyer's closing costs are related to the costs of getting the loan. At Professional Choice Mortgage, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs specified in the LE are estimated based on Professional Choice Mortgage's experience with mortgage loans, but costs usually change by small amounts between delivery of the LE and closing. We answer buyers' questions about closing costs every day at Professional Choice Mortgage, so don't hesitate to ask if we can help answer your questions.

Below you'll find a fairly generic list of costs for buying a home. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Taxes
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

Professional Choice Mortgage can answer questions about these closing costs. Give us a call: 814-861-3310.