Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

We will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

We will give you a "Good Faith Estimate" of closing costs at the time you apply, which will include all the fees and costs associated with your mortgage. Although most closing costs are charged by third parties, we will make sure you understand all the costs associated with your mortgage.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 




Mortgage Calculator:
Sales Price: $
Down: %
Interest Rate: %
Term: yrs
Monthly payment: $



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First Priority Funding is a Registered Mortgage Broker with the New York State Banking Department. Loans are arranged with quality 3rd party providers.

320 Hempstead Avenue West Hempstead, NY 11552
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