Your Closing Costs

"Closing Costs" are the fees which pay for the various services involved in the sale of a home. Sellers and buyers usually negotiate to decide how to share these closing costs.

Many of the closing costs associated with buying a home are associated with getting a loan. At Stepping Stone Mortgage, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Good Faith Estimate".

The Good Faith Estimate (GFE)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the Good Faith Estimate are estimated based on Stepping Stone Mortgage's experience with mortgage loans, but costs often vary by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We go over Good Faith Estimates with buyers every day, so we are happy to answer your questions about closing costs.

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 Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Stepping Stone Mortgage can answer questions about these closing costs. Give us a call: (541) 683-3300.

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