Your Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers usually split these costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's costs cover the costs of originating the mortgage loan. Since Savers Home Loans is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we can't always predict your closing costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.

Below you'll find a general 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

• Getting YourCredit Report
• Interest Payment
• Escrow Account
• Taxes
• Costs related to "originating" your loan
• Points — lower your interest rate (optional)
• Appraisal Fee

Property Taxes

• Insurance
• Transfer Taxes and Recording Fees

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood or Quake Insurance if applicable

Savers Home Loans can answer questions about these closing costs. Give us a call: (800) 974-0509.