Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for the various services involved in the sale of residential real estate. Sellers & buyers almost always negotiate to decide how to split these closing costs.

As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. Since Citywide Group has extensive experience with closings & mortgages, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on Citywide Group's experience with mortgage loans, but costs usually vary by small amounts between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that sometimes change slightly at the closing table.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you complete your application. At Citywide Group, 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
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Citywide Group can help you understand closing costs. Call us: 949-200-3800

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