Your Closing Costs

Shopping for a mortgage? We will be glad to assist you! Call us at (818) 874-9900. Want to get started? Apply Now.

"Closing Costs" are the fees which cover various services involved in the sale of residential real estate. Buyers and sellers usually negotiate to decide how to split these closing costs.

As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. Since MainStreet Mortgage has extensive experience with mortgages & closings, we are closing cost experts.

Good Faith Estimates (GFEs)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very precise, we cannot always predict closing costs to the penny. We will be glad to review the "Good Faith Estimate," answering your questions and highlighting costs that can vary a little bit at the closing table.

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

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

MainStreet Mortgage can answer questions about these closing costs. Give us a call: (818) 874-9900.