Certain standard costs are related to closing the sale of a house. Sellers and buyers usually split these closing costs, as the sales contract specifies.
Many of the costs associated with buying residential real estate are associated with getting the mortgage. Since Acceptance Capital Mortgage Corporation is highly experienced with mortgages and closings, we can help you understand your closing costs.
Very soon after you apply for a loan, we'll provide you with the "Good Faith Estimate" of your costs. The closing costs spelled out in the Good Faith Estimate are estimated based on our experience with mortgage loans, but costs often change by small amounts between the GFE and closing. We handle buyers' questions about closing costs every day at Acceptance Capital Mortgage Corporation, so please feel free to contact us if you have questions.
We've provided a general list of these costs below, but we will give you a specific list of closing costs, with amounts, soon after you complete your loan application. At Acceptance Capital Mortgage Corporation, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Credit Report Interest Payment Escrow Account Various TaxesCosts associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Costs
Insurance Transfer Taxes and Recording Fees
Private Mortgage Insurance (PMI) Title Insurance Flood / Earthquake Insurance if applicable
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.