About Closing Costs

Every home sale involves certain fixed costs. Sellers and buyers customarily split these closing costs, as the real estate sales contract specifies.

Many of the closing costs associated with buying a house are associated with getting the mortgage. Since Alternative Mortgage Group is highly experienced with mortgages & closings, we often explain the details of closing costs.

The Loan Estimate (Also known as the LE)

Very shortly after you submit your application, we will provide you with a "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on Alternative Mortgage Group's experience with mortgage loans, but costs often change a little bit between delivery of the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at closing.

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

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Alternative Mortgage Group can answer questions about these closing costs. Give us a call at 561-395-4264.

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Alternative Mortgage Group

80 SW 14 Ave
Boca Raton, FL 33486