What are Closing Costs?

"Closing Costs" are the fees that cover various services involved when you sell or buy a home. Sellers and buyers usually negotiate the payment of these costs.

As the list below indicates, many of the closing costs result from getting your loan. Since Firelight Mortgage Consultants is highly experienced with closings and mortgages, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we'll give you the "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We review Loan Estimates with buyers every day, so we'd be glad to answer the you have about closing costs.

Below is a fairly general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)

At Firelight Mortgage Consultants, we answer questions about closing costs every day. Give us a call at 3032282254.

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Firelight Mortgage Consultants

Company NMLS#: 381658

7887 East Belleview Ave Ste 1100
Englewood, CO 80111