What are Closing Costs?

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All residential real estate sales incurs certain costs. Buyers and sellers usually share these costs, as specified in the sales contract.

As the list below indicates, many of the costs result from getting your loan. At Marc Moser / NMLS# 232625 / Licensed in Florida, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your loan estimate.

Loan Estimates

Soon after you apply for a loan, we will provide you with the "Good Faith Estimate" of your closing costs. The closing costs spelled out in the Good Faith Estimate are estimated based on Marc Moser / NMLS# 232625 / Licensed in Florida's experience with mortgage loans, but costs often change by small amounts between the Good Faith Estimate (GFE) and closing. We go over GFEs with buyers almost every day, so we will be happy to answer your questions about closing costs.

Below is a fairly general list of closing costs. We will always provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
At Marc Moser / NMLS# 232625 / Licensed in Florida, we answer questions about closing costs every day. Call us: 727-466-4301.

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Marc Moser / NMLS# 232625

Licensed in Florida

2451 N. McMullen Booth Rd. Ste. 306
Clearwater, FL 33759