Closing Costs for Home Real Estate Transactions

There are certain standard costs associated with closing the sale of a home. Sellers and buyers customarily share these costs, as specified in the real estate sales contract.

As the list below indicates, many of the closing costs result from getting your loan. Since Alternative Mortgage Group has extensive experience with closings & mortgages, we are closing cost experts.

Loan Estimate (LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We explain Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.

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

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title 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