About Closing Costs

All residential real estate transactions incurs certain fixed costs. Sellers and buyers almost always share these closing costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's costs are related to the costs of originating the mortgage loan. Since One Source Lending 303-220-7500 is highly experienced with mortgages and closings, we can help you understand your closing costs.

Loan Estimates (LEs)

Soon after you submit your application, we will give you a "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on our experience with mortgage loans, but costs often change by small amounts between the LE and closing. We explain LEs with buyers almost every day, so we'd be glad to answer any questions you have about closing costs.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At One Source Lending 303-220-7500, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs associated with "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Costs
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Earthquake Insurance

At One Source Lending 303-220-7500, we answer questions about closing costs every day. Call us at 303-220-7500.