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.
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 TaxesLoan-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 InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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