Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Buyers & sellers often negotiate these costs.

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

Loan Estimates (LEs)

Very shortly after you apply for a loan, we will provide you with the "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always predict your costs to the penny. We review LEs with buyers every day, so we will be happy to answer the you have about closing costs.

Below you'll find a fairly general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

Reliance Mortgage Service, Inc can help you understand closing costs. Give us a call: 562 320-0510.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question

English Spanish