Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Sellers & buyers usually negotiate these closing costs.

Many of the closing costs associated with buying a house are associated with getting the loan. At Churchill Mortgage Company, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will receive 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 closing costs to the penny. We explain LEs with buyers almost every day, so we will be happy to answer your questions about closing costs.

Below you'll find a generic list of costs for buying a home. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

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

At Churchill Mortgage Company, we answer questions about closing costs every day. Give us a call at (703) 551-4107.


English Spanish