Closing Costs for Home Real Estate Transactions

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

Many of the closing costs associated with buying residential real estate are associated with getting a mortgage. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimate (LE)

Soon after you submit your application, we will provide you with a "Loan Estimate" of your costs. This closing cost estimate is based on our past experience. Please note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We review Loan Estimates with buyers almost every day, so we will be happy to answer the you have about closing costs.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, 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

• Escrow Fees
• Taxes
• Costs associated with "originating" your loan
• Points — A fee paid to lower your mortgage interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Interest Payment

Property Taxes

• Transfer Taxes and Recording Fees
• Insurance

Homeowners Insurance

• Flood / Quake Insurance if applicable
• Private Mortgage Insurance (PMI)
• Title Insurance

Riviera Funding NMLS#861382 CA DRE Broker #01186669 can help you understand closing costs. Call us: 3103737406.