Don't Forget Closing Costs

"Closing Costs" are the fees which cover various services involved when you sell or buy a home. Sellers & buyers often negotiate to decide how to share these closing costs.

As the list below indicates, many of the costs result from getting your loan. At Savers Home Loans, we have extensive experience in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between the LE and closing. We field buyers' questions about these costs every day at Savers Home Loans, so please be sure to contact us if we can help answer your questions.

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

Standard Closing Costs

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

Savers Home Loans can answer questions about these closing costs. Call us at (800) 974-0509.