Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of residential real estate. Sellers & buyers negotiate these closing costs.

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

Loan Estimate (LE)

Very shortly after you submit your application, we'll give you the "Loan Estimate" of your costs. This closing cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can change slightly at the closing table.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your application. At Firelight Mortgage Consultants, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

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

Firelight Mortgage Consultants can help you understand closing costs. Give us a call at (303) 228-2254.

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