Closing Costs for Residential Real Estate Transactions

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"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Buyers & sellers negotiate the payment of these costs.

As the list below indicates, many of the costs result from getting your loan. At Excel Mortgage Corp. USA , we have extensive experience in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Soon after you submit your application, we will give you the "Good Faith Estimate" of your closing costs. We base this cost estimate on our many years of past experience. Please note that while our GFEs are very accurate, we cannot always predict costs to the penny. We field buyers' questions about closing costs every day at Excel Mortgage Corp. USA , so please feel free to ask if we can help answer your questions.

Below you'll find a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

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

Excel Mortgage Corp. USA can help you understand closing costs. Call us: (610) 647-5454.