Closing Costs

"Closing Costs" are the fees that cover the various services involved in the sale of a home. Buyers & sellers negotiate to decide how to share these costs.

As you'll see below, many of the costs result from getting your loan. Since Atlantic Financial Services is highly experienced with closings & mortgages, we are closing cost experts.

Good Faith Estimates (GFEs)

Soon after you submit your application, we'll give you a "Good Faith Estimate" of your costs. This closing cost estimate is based on our past experience. It's important to note that while our GFEs are very accurate, we cannot always predict your costs to the penny. We answer questions about closing costs every day at Atlantic Financial Services, so don't hesitate to ask if you have questions.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Atlantic Financial Services, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Various Taxes
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Pulling Your Credit Report
  • Up-front Interest Payment
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Atlantic Financial Services can help you understand closing costs. Call us at (732) 969-9300.

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