About Closing Costs

Certain standard costs are associated with closing the sale of a house. Sellers and buyers almost always split these closing costs, as the real estate sales contract specifies.

As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. Since Atlantic Financial Services is highly experienced with mortgages & closings, we are closing cost experts.

Loan Estimates (LEs)

Very soon after you apply for a loan, we will provide you with a "Loan Estimate" of your closing costs. The closing costs enumerated in the Loan Estimate are estimated based on Atlantic Financial Services's experience with mortgage loans, but costs often change by small amounts between delivery of the Loan Estimate (LE) and closing. We answer buyers' questions about these costs every day at Atlantic Financial Services, so don't hesitate to contact us if we can help answer your questions.

Below is a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Fee
  • Pulling Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Atlantic Financial Services, we answer questions about closing costs every day. Give us a call: (732) 969-9300.

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