Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers & buyers almost always negotiate to determine who will pay different portions of these closing costs.

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

The Loan Estimate (LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Firelight Mortgage Consultants's experience with mortgage loans, but costs often change a little bit between the Loan Estimate (LE) and closing. We go over Loan Estimates with buyers every day, so we are happy to answer your questions about closing costs.

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

Standard Closing Costs

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

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

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Firelight Mortgage Consultants

Company NMLS#: 381658

7887 East Belleview Ave Ste 1100
Englewood, CO 80111