What are Closing Costs?

Certain standard costs are associated with closing the sale of a house. Buyers and sellers usually share these closing costs, as the real estate sales contract specifies.

As indicated below, many of the costs result from getting your loan. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 has extensive experience with mortgages & 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. The closing cost estimate comes out of the loan officer's past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We go over LEs with buyers every day, so we'd be glad to answer the you have about closing costs.

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

Standard Closing Costs

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

Riviera Funding NMLS#861382 CA DRE Broker #01186669 can answer questions about these closing costs. Give us a call: 3103737406.

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Riviera Funding NMLS#861382 CA DRE Broker #01186669

1801 S. Catalina Avenue Suite #201
Redondo Beach, CA 90277