About Closing Costs

"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Buyers & sellers often negotiate the payment of these costs.

Many of the costs associated with buying residential real estate are associated with getting a mortgage loan. At Pacific Loan Brokers, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Good Faith Estimate".

The Good Faith Estimate (GFE)

Very soon after you submit your application, we'll give you a "Good Faith Estimate" of your costs. The closing cost estimate is based on our past experience. Please note that while our GFEs are very accurate, we can't always predict costs to the penny. We review GFEs with buyers almost every day, so we are happy to answer your questions about closing costs.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Pacific Loan Brokers, 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
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)

At Pacific Loan Brokers, we answer questions about closing costs every day. Call us: 877-310-6200.

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