Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees that pay for the various services involved in a loan transaction. In a purchase deal Sellers and buyers negotiate to determine who will pay different portions of these closing costs.

As you'll see below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Jim Dorney is highly experienced with mortgages & closings, we are closing cost experts.

Loan Estimate

Soon after you apply for a loan, we'll provide you with a Loan Estimate which will recap the entire loan from costs, cash we estimate you will need to close, rates, monthly payment and more. Loan costs and insurance and taxes usually vary a little bit between the Loan Estimate and closing. As those numbers become better known we will keep you informed. We will be glad to review the numbers at any time answering your questions and highlighting costs that sometimes change slightly at the closing table.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete your application. Jim Dorney, doesn't believe in surprises, so if your costs change, we will be sure to let you know immediately.