Mortgage Closing Costs Explained

Closing costs are the fees paid to finalize a home purchase or refinance. They are separate from your down payment.

Common categories

Lender fees, appraisal, title and settlement services, recording and transfer charges, and prepaid items such as insurance and taxes.

The Loan Estimate

Within a few days of applying, lenders provide a Loan Estimate listing expected costs, so you can compare offers.

Planning ahead

Ask Chris for an estimate early. See how it fits the buying process.

FAQ

Who pays closing costs?

It varies by contract and loan program. Your agent and Chris can explain your options.

Can closing costs be rolled into the loan?

Sometimes. It depends on the loan and transaction.

Helpful Resources

• CFPB: Loan Estimate explained

Loan options: Conventional loans | FHA loans | VA loans | DSCR loans

Related: Affordability | Programs | How to Get Pre-Approved

Chris Nieberlein NMLS #313519 | Bay Capital Mortgage Corp. NMLS #39610 | Equal Housing Lender. General information, not a commitment to lend. Terms and eligibility vary and are subject to credit approval and underwriting.