Closing Costs

Every home sale incurs certain fixed costs. Sellers and buyers customarily share these costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's costs cover the costs of originating the mortgage loan. At Mario Vega, we have extensive experience in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we'll give you the "Loan Estimate" of your costs. This closing cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always predict closing costs to the penny. We handle buyers' questions about closing costs every day at Mario Vega, so please feel free to contact us if we can help answer your questions.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Mario Vega, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)

Mario Vega can answer questions about these closing costs. Give us a call: 877-310-6200.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

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