Don't Forget Closing Costs

There are certain standard costs related to closing the sale of a home. Buyers and sellers customarily split these closing costs, as specified in the sales contract.

Many of the costs associated with buying residential real estate are associated with getting the loan. Since Saab Mortgage is highly experienced with closings & mortgages, we are closing cost experts.

Loan Estimate (Also known as the LE)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs enumerated in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We answer buyers' questions about these costs every day at Saab Mortgage, so please be sure to contact us if you have questions.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Saab Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Pulling YourCredit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Fee
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Saab Mortgage can answer questions about these closing costs. Call us: 7032880777.

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Saab Mortgage

The Best Place for Mortgages

8230 Boone Blvd Suite 370
Vienna, VA 22182