What are Closing Costs?

At Synergistic Wealth Management llc, we answer questions about closing costs every day. Give us a call: 480-282-3662.

All residential real estate transactions incurs certain fixed costs. Buyers almost always incur these costs, as the real estate sales contract specifies, however, depending on State law the seller may have to split a portion of the closing costs. "Closing Costs" are the fees which cover the various services involved when you sell or buy residential real estate. These fees can be paid directly or indirectly by crediting the loan.

As indicated below, many of the costs result from getting your mortgage loan. At Synergistic Wealth Management llc, we have extensive experience in mortgage lending, so we can compile a comprehensive list of closing costs related to your mortgage in your estimate.

Obtaining The Loan Estimate

Three days after you submit your application, we will give you a Loan Estimate. The Loan Estimate provides you with information like estimated interest rates, payments and fees, closing costs and more. This estimate is not an approval, rather it's the first step toward securing your loan.

We handle questions about these costs every day at Synergistic Wealth Management llc, so please feel free to ask if we can help answer your questions.

Below is a generic list of closing costs. We will always provide you with a specific list of your closing costs when we provide your estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Loan-related costs
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance
Are you looking for a new mortgage loan? We will be glad to assist you! Give us a call at 480-282-3662. Ready to get started? Apply Here.

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