Closing Costs

"Closing Costs" are the fees that pay for the various services involved when you sell or buy residential real estate. Sellers and buyers negotiate to determine who will pay different portions of these closing costs.

Many of the costs associated with buying a home are associated with getting the mortgage. At One Source Lending 303-220-7500, we have extensive experience in mortgage lending, so we can compile a comprehensive report on mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with the "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on One Source Lending 303-220-7500's experience with mortgage loans, but costs often vary by small amounts between delivery of the LE and closing. We review LEs with buyers every day, so we are happy to answer any questions you have about closing costs.

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

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance if applicable

One Source Lending 303-220-7500 can answer questions about these closing costs. Call us at 303-220-7500.