About Closing Costs

Every home sale incurs certain costs. Sellers and buyers usually share these costs, as the sales contract specifies.

As indicated below, many of the buyer's closing costs cover the costs of originating the mortgage loan. At The Reen Team at American Pacific Mortgage, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Very shortly after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We explain LEs with buyers almost every day, so we'd be glad to answer your questions about closing costs.

Below you'll find a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Interest Payment
  • Escrow Account
  • Taxes
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Obtaining YourCredit Report
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
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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