Don't Forget Closing Costs

Certain standard costs are associated with closing the sale of a house. Buyers and sellers usually split these closing costs, as the real estate sales contract specifies.

As you'll see below, many of the costs result from getting your mortgage. Since First Access Mortgage is highly experienced with closings and mortgages, we often explain the details of closing costs.

Good Faith Estimates (GFEs)

Buyers will get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our GFEs are very accurate, we can't always predict your closing costs to the penny. We handle buyers' questions about these costs every day at First Access Mortgage, so don't hesitate 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 always provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

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

First Access Mortgage can answer questions about these closing costs. Give us a call: (985) 429-1770.

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.

Your Information
Your Question