About Closing Costs

All residential real estate transactions involves fixed costs. Sellers and buyers almost always split these closing costs, as specified in the sales contract.

As the list below indicates, many of the closing costs result from getting your loan. At Southwest Funding #841, we have extensive experience in residential 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)

Soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. We base this closing cost estimate on our extensive past experience. Please note that while our LEs are very precise, we cannot always predict closing costs to the penny. We handle questions about these costs every day at Southwest Funding #841, so please feel free to contact us if we can help answer your questions.

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

Standard Closing Costs

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

Southwest Funding #841 can answer questions about these closing costs. Call us at (512) 291-6100.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question

English Spanish