Closing Costs
There are certain standard costs related to closing the sale of a home. Buyers and sellers almost always share these closing costs, as the real estate sales contract specifies.
As the list below indicates, many of the closing costs result from getting your loan. At Family Mortgage Company of Hawaii, Inc. NMLS #244497, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Loan Estimates (LEs)
Very soon after you submit your application, we'll give you the "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always predict your closing costs to the penny. We answer buyers' questions about closing costs every day at Family Mortgage Company of Hawaii, Inc. NMLS #244497, so please be sure to contact us if we can help answer your questions.
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 have completed your application. At Family Mortgage Company of Hawaii, Inc. NMLS #244497, 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
- Appraisal Fee
- Getting Your Credit Report
- Up-front Interest Payment
- Escrow Account
- Taxes
- Costs related to "originating" your loan
- Points — lower your mortgage interest rate (optional)
Property Taxes
- Transfer Taxes & Recording Fees
- Insurance
Homeowners Insurance
- Title Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
Family Mortgage Company of Hawaii, Inc. NMLS #244497 can answer questions about these closing costs. Give us a call: (808) 935-0678.