There are certain standard costs related to closing the sale of a home. Sellers and buyers usually split these costs, as the sales contract specifies.
Many of the costs associated with buying a house are associated with getting a mortgage. Since Rasmussen Mortgage is highly experienced with mortgages & closings, we often explain the details of closing costs.
Soon after you submit your application, we will provide you with a "Good Faith Estimate" of your costs. We base this cost estimate on our extensive past experience. Please note that while our GFEs are very precise, we cannot always predict closing costs to the penny. We handle buyers' questions about closing costs every day at Rasmussen Mortgage, so please feel free to contact us if you have questions.
Below you'll find a fairly generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we provide your Good Faith Estimate.
Standard Closing Costs
Getting YourCredit Report Interest Payment Escrow Fees Various TaxesLoan-related costs Points — lower your mortgage interest rate (optional) Appraisal Fee
Recording Fees and Transfer Taxes Insurance
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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.