What are Closing Costs?

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"Closing Costs" are the fees which pay for the various services involved when you sell or buy a house. Sellers & buyers often negotiate the payment of these closing costs.

As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Allegiant Mortgage, LLC is highly experienced with closings & mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate comes out of our past experience. Please note that while our GFEs are very precise, we cannot always predict costs to the penny. We answer questions about closing costs every day at Allegiant Mortgage, LLC, so please be sure to contact us if we can help answer your questions.

Below is a fairly generic list of closing costs. We will always provide you with a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Account
  • Various Taxes
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
Allegiant Mortgage, LLC can answer questions about these closing costs. Give us a call: (615) 717-3185 or (615) 417-2129.