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

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. We will be glad to review a competitor's "Good Faith Estimate," answering questions and highlighting missing costs and estimates we believe to be low.

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

 

Keystone Mortgage Emporium Inc
2302 West Johnsburg Road, Johnsburg, Illinois 60051
Phone: 815.344.9510 • Fax: 815.344.9513
Toll Free: 877.344.9510
Email:
info@keystoneme.com

                   

Illinois Residential Mortgage Licensee MB.6759566

 

Consumer Inquiry Information:

Illinois Department of Financial and Professional Regulation

Division of Banking

122 South Michigan Avenue, Suite 1900, Chicago, Illinois 60603

Phone: 312.793.3000 • Fax: 312.793.3977 • Consumer Inquiries: 877.793.3470

 

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