Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. Buyers & sellers often negotiate to decide how to split these closing costs.

As the list below indicates, many of the costs result from getting your mortgage loan. Since Diamond Mortgage, LLC is highly experienced with closings & mortgages, we are closing cost experts.

Loan Estimates (LEs)

Very soon after you submit your application, we'll give you a "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the Loan Estimate (LE) and closing. We field questions about closing costs every day at Diamond Mortgage, LLC, so please feel free to contact us if we can help answer your questions.

Below you'll find a general list of closing costs. We will always provide you with a specific list of your closing costs when we deliver 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 Account

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

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

At Diamond Mortgage, LLC, we answer questions about closing costs every day. Give us a call: 3178427744.