Your Closing Costs
Certain standard costs are related to closing the sale of a house. Sellers and buyers customarily share these costs, as the sales contract specifies.
Many of the costs associated with buying a home are associated with getting a loan. Since Family Mortgage Company of Hawaii, Inc. NMLS #244497 is highly experienced with mortgages & closings, we are closing cost experts.
Loan Estimates (LEs)
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 our experience with mortgage loans, but costs usually vary a little bit between the Loan Estimate (LE) and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at closing.
Below you'll find a fairly generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
- Points — These are costs you pay up-front to lower your interest rate (optional)
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Account
- Costs associated with "originating" your loan
- Transfer Taxes & Recording Fees
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
At Family Mortgage Company of Hawaii, Inc. NMLS #244497, we answer questions about closing costs every day. Give us a call at (808) 935-0678.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.