About Closing Costs

There are certain standard costs related to closing the sale of a home. Buyers and sellers almost always split these closing costs, as specified in the real estate sales contract.

As you'll see below, many of the costs result from getting your mortgage. At Reliance Mortgage Service, Inc, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Loan Estimate".

The Loan Estimate (Also known as the LE)

Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs specified in the LE are estimated based on Reliance Mortgage Service, Inc's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We handle buyers' questions about closing costs every day at Reliance Mortgage Service, Inc, so please feel free to ask if you have questions.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Reliance Mortgage Service, Inc, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Reliance Mortgage Service, Inc can help you understand closing costs. Call us 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
By checking the box, you agree that Reliance Mortgage Service, Inc may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.

English Spanish