Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Sellers and buyers negotiate to determine who will pay different portions of these costs.

As you'll see below, many of the buyer's closing costs cover the costs of originating the loan. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 has extensive experience with closings and mortgages, we often explain the details of closing costs.

Loan Estimate (LE)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs spelled out in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We answer questions about closing costs every day at Riviera Funding NMLS#861382 CA DRE Broker #01186669, so please feel free to contact us if you have questions.

Below you'll find a generic list of closing costs. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Earthquake Insurance

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

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question

Riviera Funding NMLS#861382 CA DRE Broker #01186669

1801 S. Catalina Avenue Suite #201
Redondo Beach, CA 90277