Closing Costs for Residential Real Estate Transactions

Certain standard costs are associated with closing the sale of a home. Buyers and sellers almost always split these costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. Since Statewide Funding has extensive experience with closings and mortgages, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Very shortly after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on Statewide Funding's experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We handle questions about closing costs every day at Statewide Funding, so don't hesitate to contact us if we can help answer your questions.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Statewide Funding, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance

Statewide Funding can answer questions about these closing costs. Call us: (415) 456-7802.

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