Closing Costs for Home Real Estate Transactions

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

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

Good Faith Estimates (GFEs)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Good Faith Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that can change slightly at closing.

Below you'll find a fairly generic list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Obtaining YourCredit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance
At American Pacific Mortgage, we answer questions about closing costs every day. Call us: (209) 357-7000.

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