Your Closing Costs

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Certain standard costs are associated with closing the sale of a house. Buyers and sellers almost always split these closing costs, as specified in the sales contract.

As you'll see below, many of the buyer's costs cover the costs of originating the loan. Since Stellar Loans is highly experienced with closings and mortgages, we are closing cost experts.

Good Faith Estimates (GFEs)

Very shortly after you submit your application, we will provide you with a "Good Faith Estimate" of your closing costs. The closing cost estimate comes out of our past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate your closing costs to the penny. We handle questions about closing costs every day at Stellar Loans, so please feel free to contact us if we can help answer your questions.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Stellar Loans, 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
• Getting Your Credit Report
• Up-front Interest Payment
• Escrow Fees
• Taxes

Property Taxes

• Insurance
• Transfer Taxes and Recording Fees

Homeowners Insurance

• Flood or Earthquake Insurance
• Private Mortgage Insurance (PMI)
• Title Insurance

Stellar Loans can help you understand closing costs. Give us a call: 818-999-1116.