Don't Forget Closing Costs

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.

Loan Estimates (LEs)

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

Loan-Related Costs
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Getting YourCredit Report
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Reliance Mortgage Service, Inc, we answer questions about closing costs every day. Give us a call at 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