About Closing Costs
All residential real estate sales incurs certain fixed costs. Sellers and buyers almost always split these closing costs, as specified in the real estate sales contract.
As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Mortgage Headquarters of Missouri, Inc has extensive experience with mortgages & closings, we are closing cost experts.
Loan Estimates (LEs)
Buyers get 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 Mortgage Headquarters of Missouri, Inc's experience with mortgage loans, but costs usually change by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can change slightly at closing.
We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Mortgage Headquarters of Missouri, Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Loan-related costs
- Points — A fee paid to lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Up-front Interest Payment
- Escrow Account
- Taxes
Property Taxes
- Recording Fees & Transfer Taxes
- Insurance
Homeowners Insurance
- Flood / Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Mortgage Headquarters of Missouri, Inc can help you understand closing costs. Call us: 5733029990.