Your Closing Costs

"Closing Costs" are the fees that cover the various services involved when you sell or buy a home. Sellers & buyers almost always negotiate these costs.

As indicated below, many of the closing costs result from getting your mortgage. Since F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always estimate your costs to the penny. We go over Loan Estimates with buyers every day, so we'd be glad to answer your questions about closing costs.

Below is a fairly general list of costs for buying residential real estate. We will provide a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Credit Report
• Up-front Interest Payment
• Escrow Fees
• Taxes
• Costs associated with "originating" your loan
• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Fee

Property Taxes

• Insurance
• Recording Fees & Transfer Taxes

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood / Quake Insurance

F&T Mortgage, Inc. NMLS # 168839 (www.nmlsconsumeraccess.org) can answer questions about these closing costs. Call us: 214-300-8756.