There are certain standard costs associated with closing the sale of a house. Buyers and sellers customarily split these closing costs, as specified in the sales contract.
Many of the closing costs associated with buying residential real estate are associated with getting the mortgage loan. Since Reliance Mortgage Service, Inc is highly experienced with mortgages and closings, we can help you understand your closing costs.
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the LE are estimated based on Reliance Mortgage Service, Inc's experience with mortgage loans, but costs usually change by small amounts between delivery of the LE and closing. We handle buyers' questions about these costs every day at Reliance Mortgage Service, Inc, so please feel free to ask if we can help answer your questions.
Below you'll find a general 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
Interest Payment Escrow Account TaxesLoan-related costs Points — These are costs you pay up-front to lower your mortgage interest rate (optional) Appraisal Costs Getting YourCredit Report
InsuranceRecording Fees and Transfer Taxes
Flood or Earthquake Insurance Private Mortgage Insurance (PMI) Title Insurance
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.