Don't Forget Closing Costs

Certain standard costs are associated with closing the sale of a home. Buyers and sellers usually share these costs, as specified in the sales contract.

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

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll provide you with the "Loan Estimate" of your closing costs. This closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very precise, we cannot always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.

Below is a fairly generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Firelight Mortgage Consultants can answer questions about these closing costs. Give us a call at (303) 228-2254.

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