What are Closing Costs?

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Every home sale involves costs. Buyers and sellers usually split these costs, as specified in the sales contract.

As the list below indicates, many of the closing costs result from getting your mortgage loan. At Cosatal Financial Group, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on mortgage-related closing costs in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Very shortly after you submit your application, we'll provide you with the "Good Faith Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our GFEs are very accurate, we cannot always estimate your costs to the penny. We field questions about closing costs every day at Cosatal Financial Group, so don't hesitate to contact us if we can help answer your questions.

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

Standard Closing Costs

Loan-Related Costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
At Cosatal Financial Group, we answer questions about closing costs every day. Give us a call at (512) 292-3494.

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