Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees that cover the various services involved in the sale of a house. Sellers & buyers negotiate to decide how to share these costs.

Many of the costs associated with buying a home are associated with getting a mortgage loan. Since AmeriBest Mortgage is highly experienced with closings & mortgages, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This closing cost estimate is based on our past experience. It's important to note that while our LEs are very accurate, we cannot always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering questions and highlighting costs that can vary a little bit at the closing table.

Below is a general list of closing costs. We will provide a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

AmeriBest Mortgage can answer questions about these closing costs. Give us a call at (321) 777-7277.

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