Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy a home. Sellers & buyers almost always negotiate to decide how to split these closing costs.

As you'll see below, many of the costs result from getting your loan. Since Advantage Funding has extensive experience with closings & mortgages, we are closing cost experts.

Loan Estimate (LE)

Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We field questions about closing costs every day at Advantage Funding, so please be sure to ask if we can help answer your questions.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Advantage Funding, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Pulling Your Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs associated with "originating" your loan
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

Advantage Funding can help you understand closing costs. Call us: 925-628 6200.