Every home sale involves fixed costs. Buyers and sellers almost always share these closing costs, as the real estate sales contract specifies.
Many of the closing costs associated with buying a home are associated with getting a loan. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This closing cost estimate comes out of our past experience. Please note that while our LEs are very precise, we cannot always estimate your closing costs to the penny. We field questions about closing costs every day at Riviera Funding NMLS#861382 CA DRE Broker #01186669, so don't hesitate to ask if we can help answer your questions.
Below is a fairly general list of costs for buying residential real estate. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Various TaxesCosts associated with "originating" your loan Points — A fee paid to lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment Escrow Account
Insurance Transfer Taxes and Recording Fees
Title Insurance Flood / Earthquake Insurance Private Mortgage Insurance (PMI)
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