Don't Forget Closing Costs

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

As indicated below, many of the buyer's costs cover the costs of originating the loan. Since Diamond Mortgage, LLC is highly experienced with mortgages & closings, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing cost estimate is based on 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 review Loan Estimates with buyers almost every day, so we'd be glad to answer the you have about closing costs.

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

Standard Closing Costs

Loan-Related Costs

• Obtaining YourCredit Report
• Up-front Interest Payment
• Escrow Account
• Taxes
• Loan Origination Fee
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Fee

Property Taxes

• Insurance
• Recording Fees & Transfer Taxes

Homeowners Insurance

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

At Diamond Mortgage, LLC, we answer questions about closing costs every day. Call us at 3178427744.