Don't Forget Closing Costs

All residential real estate sales incurs fixed costs. Buyers and sellers usually split these costs, as the real estate sales contract specifies.

As you'll see below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. Since Riviera Funding is highly experienced with mortgages & closings, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your closing costs. The closing costs specified in the LE are estimated based on our experience with mortgage loans, but costs often change a little bit between delivery of the Loan Estimate (LE) and closing. We answer questions about closing costs every day at Riviera Funding, so please feel free to ask if you have questions.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Riviera Funding, 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
  • Loan Origination Fee
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Riviera Funding can answer questions about these closing costs. Call us: (310) 373-7406.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question