Your Closing Costs

"Closing Costs" are the fees which pay for the various services involved when you sell or buy residential real estate. Sellers and buyers usually negotiate to decide how to share these costs.

As you'll see below, many of the buyer's costs are related to the costs of originating the mortgage loan. Since New Millennium Mortgage Co. NMLS: 331173 has extensive experience with closings and mortgages, we can help you understand your closing costs.

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. We base this cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we cannot always predict closing costs to the penny. We field questions about these costs every day at New Millennium Mortgage Co. NMLS: 331173, so please be sure to ask if you have questions.

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

Standard Closing Costs

Loan-Related Costs
  • Costs related to "originating" your loan
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

New Millennium Mortgage Co. NMLS: 331173 can answer questions about these closing costs. Call us at (941) 366-5800.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question