Your Closing Costs

"Closing Costs" are the fees that cover the various services involved in the sale of a home. Buyers & sellers almost always negotiate the payment of these costs.

Many of the costs associated with buying a home are associated with getting the mortgage loan. At Omni Mortgage Corp., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".

The Loan Estimate (LE)

Buyers get a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always predict closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer the you have about closing costs.

Below you'll find a generic list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

Omni Mortgage Corp. can help you understand closing costs. Give us a call: 718-441-7000.

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