Closing Costs
Know your closing costs before you sign
What goes into your closing costs
What we charge
Our fees cover the work of processing your loan. You get an origination fee, underwriting fee, and document preparation fee. These are flat charges based on your loan amount and program. No surprises. You'll see every one of them itemized on your Closing Disclosure at least three days before closing. We don't charge junk fees or pad costs. You get exactly what we quoted you.
What others charge
Title companies insure your ownership. Appraisers verify property value. Inspectors check the house itself. These vendors work independently and set their own fees. We don't control their pricing. What we do is connect you with solid vendors who are fair and efficient. These costs vary by property and location. Your Loan Estimate shows what to expect for your area.
What you fund at closing
Homeowners insurance premium gets paid at closing so your house is covered day one. Property taxes and insurance reserves go into an escrow account we manage. We collect enough at closing to cover the first payments. This protects the lender's investment and keeps your taxes and insurance current. It's standard practice across the industry.
See what closing costs look like for your loan
Enter your loan details to get a realistic picture of what you'll pay at closing. This estimate accounts for lender fees, third-party costs, and prepaid items. Your actual closing costs will be provided on your Loan Estimate and Closing Disclosure. Those documents are binding.
Calculator results are estimates provided for illustrative purposes only and may not reflect actual loan terms. This is not a commitment to lend, a preapproval, or an offer of credit. Actual rates, payments, and costs depend on credit approval, satisfactory appraisal, and underwriting guidelines. Consult a licensed loan officer for details.
Your closing cost questions answered
Closing costs can seem complicated. We break them down so you understand exactly what you're paying for and why. Read on for straight answers about the fees, reserves, and charges that make up your closing.
Can I negotiate closing costs?
Some costs are negotiable. Lender fees are set by us based on your loan program and terms. Third-party vendors like title companies and appraisers set their own fees independently. You can shop for title insurance and other services. Prepaid items like property taxes and insurance are determined by your location and policy. Your Loan Estimate shows what each party charges so you can compare and decide.
What if I can't afford closing costs at closing?
You have options. You can ask the seller to contribute toward your closing costs. This seller concession is negotiated as part of your purchase agreement. You can also ask about lender credit programs where we reduce our fees in exchange for a slightly higher interest rate. Some loans allow you to roll closing costs into your loan amount, though this increases what you borrow. Talk to your loan officer about what works for your situation.
Why are closing costs so high?
Closing costs reflect the actual work and risk involved in lending. Title insurance protects you and the lender from ownership problems. Appraisals verify the property is worth what you're paying. Inspections find issues before you buy. Processing, underwriting, and document preparation are labor-intensive. Taxes and insurance reserves protect your ownership and the lender's investment. None of these are optional or inflated. They're the real cost of buying responsibly.
Talk to us about closing costs
Our loan officers can walk through your closing costs in detail and answer your questions about what's standard and what's negotiable in your area.
Get in touch
- Phone (615) 555-0164
- Fax (502) 555-0147
- Email wizard-v3-msop3lo8@example.test
Hours
- Monday to Friday 8:00 AM to 6:00 PM
- Saturday 9:00 AM to 2:00 PM
- Sunday Closed