Your Closing Costs

Certain standard costs are related to closing the sale of a house. Sellers and buyers usually split these costs, as the real estate sales contract specifies.

As indicated below, many of the closing costs result from getting your loan. At Diamond Mortgage, LLC, we have extensive experience in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

Very soon after you submit your application, we'll provide you with the "Loan Estimate" of your closing costs. The cost estimate comes out of the loan officer's past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We answer questions about closing costs every day at Diamond Mortgage, LLC, so don't hesitate to contact us if you have questions.

Below is a fairly general list of costs for buying a home. We will always provide a specific list of your closing costs when we provide your Loan 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 Costs
• Credit Report
• Up-front Interest Payment
• Escrow Fees

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood / Earthquake Insurance

Diamond Mortgage, LLC can answer questions about these closing costs. Give us a call at 317-842-7744.