About Closing Costs

Every home sale involves fixed costs. Buyers and sellers customarily split these costs, as the real estate sales contract specifies.

Many of the costs associated with buying a home are associated with getting a loan. At Chris Caggiano - Grand Oaks Funding, LLC, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on Chris Caggiano - Grand Oaks Funding, LLC's experience with mortgage loans, but costs often change by small amounts between delivery of 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.

Below is a fairly general list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Obtaining YourCredit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance if applicable

Chris Caggiano - Grand Oaks Funding, LLC can answer questions about these closing costs. Give us a call: (718) 477-4405.

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