Your Closing Costs

Every home sale incurs fixed costs. Buyers and sellers usually share these closing costs, as the real estate sales contract specifies.

As you'll see below, many of the costs result from getting your mortgage loan. Since Statewide Funding is highly experienced with mortgages & closings, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Soon after you apply for a loan, we will provide you with the "Good Faith Estimate" of your closing costs. The cost estimate is based on our past experience. Please note that while our GFEs are very accurate, we cannot always predict your costs to the penny. We review Good Faith Estimates with buyers almost every day, so we will be happy to answer your questions about closing costs.

Below you'll find a generic list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

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

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

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