About Closing Costs

"Closing Costs" are the fees which pay for the various services involved when you sell or buy a house. Sellers and buyers often negotiate to determine who will pay different portions of these costs.

Many of the closing costs associated with buying residential real estate are associated with getting the loan. At The Reen Team at American Pacific Mortgage, we are highly experienced 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)

Very shortly after you submit your application, we will provide you with the "Loan Estimate" of your closing costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We answer buyers' questions about these costs every day at The Reen Team at American Pacific Mortgage, so please be sure to contact us if we can help answer your questions.

Below is a fairly generic list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

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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