Recurring VS. Nonrecurring EXPL.

Closing Costs for Home Real Estate Transactions

“Closing Costs” are the fees that pay for the various services involved when you sell or buy a house. Sellers and buyers almost always negotiate the payment of these closing costs.

As the list below indicates, many of the costs result from getting your mortgage. At Sunrise Vista Mortgage, our Sacramento home loans agents are highly experienced in residential mortgage lending, so we can compile a comprehensive list of mortgage-related costs in your “Good Faith Estimate”.

Good Faith Estimates (GFEs)

Buyers get a “Good Faith Estimate” of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the Good Faith Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the GFE and closing. We go over Good Faith Estimates with buyers every day, so we will be happy to answer your questions about closing costs.

Below you’ll find a fairly general list of closing costs. We will always provide you with a specific list of your Sacramento home loans closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs

  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs

Property Taxes

  • Transfer Taxes & Recording Fees
  • Insurance

Homeowners Insurance

  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding home loan, or consolidating debt, the highly experienced team of mortgage brokers here can help you take that first step toward a financial solution. Located in Sacramento, CA building and maintaining strong and lasting relationships is and has always been our goal!