Closing Costs for Home Real Estate Transactions

Every home sale incurs certain costs. Sellers and buyers almost always split these costs, as the real estate sales contract specifies.

As indicated below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since The Mortgage Exchange Service LLC has extensive experience with mortgages & closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Very soon after you apply for a loan, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on The Mortgage Exchange Service LLC's experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We go over LEs with buyers almost every day, so we'd be glad to answer the you have about closing costs.

Below is a general list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

The Mortgage Exchange Service LLC can help you understand closing costs. Call us: 703.255-5810.

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