Renaissance Mortgage
4456 Newcastle Dr.
Frisco, TX 75034
(214) 274-5426
Fax: (214) 618-2626
NMLS: 258097
Renaissance Mortgage
4456 Newcastle Dr.
Frisco, TX 75034
(214) 274-5426
Fax: (214) 618-2626
NMLS: 258097
Wednesday, June 20, 2018
|
  Search

What Are Closing Costs?

There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:

  • Attorney's or escrow fees (yours and your lender's if applicable)
  • Property taxes (to cover tax period to date)
  • Interest (paid from date of closing to 30 days before first monthly payment)
  • Loan origination fee (covers lender's administrative costs)
  • Recording fees
  • Survey fee
  • First premium of mortgage insurance (if applicable)
  • Title insurance (yours and your lender's)
  • Loan discount points
  • First payment to escrow account for future real estate taxes and insurance
  • Paid receipt for homeowner's insurance policy (and fire and flood insurance if applicable)
  • Any documentation preparation fees
powered by OpenClose Mortgage Software Copyright 2018 Renaissance Mortgage Privacy Statement | Terms Of Use