Certain standard costs are related to closing the sale of a house. Sellers and buyers almost always split these costs, as the real estate sales contract specifies.
As indicated below, many of the costs result from getting your mortgage loan. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Soon after you apply for a loan, we will 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 often vary a little bit between delivery of the Loan Estimate (LE) and closing. We explain Loan Estimates with buyers almost every day, so we will be happy to answer the you have about closing costs.
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 provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Escrow Fees TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment Property Taxes InsuranceRecording Fees & Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance
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