About Closing Costs

Certain standard costs are associated with closing the sale of a house. Buyers and sellers almost always split these costs, as the sales contract specifies.

Many of the costs associated with buying a house are associated with getting a loan. Since New Millennium Mortgage Co. NMLS: 331173 is highly experienced with mortgages and closings, we are closing cost experts.

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you a "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on New Millennium Mortgage Co. NMLS: 331173's experience with mortgage loans, but costs usually change a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at closing.

Below you'll find a general list of costs for buying residential real estate. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)

New Millennium Mortgage Co. NMLS: 331173 can help you understand closing costs. Give us a call: (941) 366-5800.

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