About Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers usually share these closing costs, as the sales contract specifies.

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

Loan Estimate (Also known as the LE)

Soon after you apply for a loan, we'll give you a "Loan Estimate" of your closing costs. The closing costs specified in the Loan Estimate are estimated based on Advantage Funding's experience with mortgage loans, but costs usually vary by small amounts between the Loan Estimate (LE) and closing. We explain LEs with buyers every day, so we will be happy to answer your questions about closing costs.

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 loan 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

• Loan Origination Fee
• Points — lower your mortgage interest rate (optional)
• Appraisal Costs
• Obtaining Your Credit Report
• Interest Payment
• Escrow Account
• Taxes

Property Taxes

• Transfer Taxes & Recording Fees
• Insurance

Homeowners Insurance

• Flood / Quake Insurance
• Private Mortgage Insurance (PMI)
• Title Insurance

At Advantage Funding, we answer questions about closing costs every day. Give us a call: 925-628 6200.