Closing Costs

"Closing Costs" are the fees which cover various services involved in the sale of a house. Sellers and buyers almost always negotiate to determine who will pay different portions of these closing costs.

Many of the closing costs associated with buying residential real estate are associated with getting a mortgage. Since The Reen Team at American Pacific Mortgage has extensive experience with mortgages and closings, we are closing cost experts.

Loan Estimate (LE)

Very shortly after you submit your application, we will give you the "Loan Estimate" of your closing costs. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very precise, we cannot always predict your costs to the penny. We field buyers' questions about closing costs every day at The Reen Team at American Pacific Mortgage, so don't hesitate to contact us if we can help answer your questions.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At The Reen Team at American Pacific Mortgage, 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
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)

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

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