Closing Costs for Home Real Estate Transactions

Certain standard costs are related to closing the sale of a house. Sellers and buyers usually split these closing costs, as the sales contract specifies.

Many of the closing costs associated with buying a house are associated with getting a mortgage. Since The Reen Team at American Pacific Mortgage is highly experienced with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Very soon after you apply for a loan, we'll provide you with the "Good Faith Estimate" of your closing costs. The closing costs enumerated in the GFE are estimated based on The Reen Team at American Pacific Mortgage's experience with mortgage loans, but costs often change a little bit between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that sometimes change slightly at the closing table.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At The Reen Team at American Pacific Mortgage, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

At The Reen Team at American Pacific Mortgage, we answer questions about closing costs every day. Give us a call: (408) 626-1879.

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