About Closing Costs

Certain standard costs are related to closing the sale of a home. Buyers and sellers usually share these costs, as the real estate sales contract specifies.

Many of the closing costs associated with buying a house are associated with getting a mortgage loan. Since Chris Caggiano - Grand Oaks Funding, LLC is highly experienced with closings & mortgages, we are closing cost experts.

Good Faith Estimates (GFEs)

Soon after you submit your application, we'll give you a "Good Faith Estimate" of your costs. This cost estimate comes out of the loan officer's past experience. Please note that while our GFEs are very accurate, we can't always estimate your costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that can vary a little bit at closing.

Below you'll find a generic list of closing costs. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Getting YourCredit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Chris Caggiano - Grand Oaks Funding, LLC can help you understand closing costs. Give us a call at (718) 477-4405.

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