Closing Costs for Home Real Estate Transactions

Every home sale incurs fixed costs. Buyers and sellers customarily split these closing costs, as the sales contract specifies.

As indicated below, many of the buyer's closing costs cover the costs of originating the mortgage loan. At Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, we are highly experienced in residential mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimate (LE)

Soon after you submit your application, we'll give you the "Loan Estimate" of your costs. This cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always predict your costs to the penny. We field buyers' questions about these costs every day at Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, so please feel free to contact us if we can help answer your questions.

Below you'll find a generic list of costs for buying a home. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
  • Costs associated with "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance

At Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, we answer questions about closing costs every day. Give us a call at (203) 526-9345.

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