About Closing Costs

"Closing Costs" are the fees that pay for the various services involved in the sale of residential real estate. Buyers & sellers usually negotiate to decide how to share these costs.

Many of the closing costs associated with buying residential real estate are associated with getting the mortgage loan. Since Mortgage Max Inc has extensive experience with closings and mortgages, we are closing cost experts.

The Loan Estimate (LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Mortgage Max Inc's experience with mortgage loans, but costs often vary by small amounts between the Loan Estimate (LE) and closing. We explain LEs with buyers almost every day, so we are happy to answer the you have about closing costs.

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

Standard Closing Costs

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

At Mortgage Max Inc, we answer questions about closing costs every day. Call us: 760-547-2080.