Closing Costs

There are certain standard costs associated with closing the sale of a house. Buyers and sellers almost always split these closing costs, as the sales contract specifies.

As the list below indicates, many of the closing costs result from getting your mortgage. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 has extensive experience with closings & mortgages, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Very shortly after you submit your application, we'll give you a "Loan Estimate" of your closing costs. The closing costs enumerated in the LE are estimated based on Riviera Funding NMLS#861382 CA DRE Broker #01186669's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at the closing table.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

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

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

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