About Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers usually share these costs, as the sales contract specifies.

As you'll see below, many of the costs result from getting your mortgage loan. Since One Source Lending 303-220-7500 is highly experienced with mortgages & closings, we are closing cost experts.

Loan Estimates (LEs)

Soon after you apply for a loan, we will give you a "Loan Estimate" of your closing costs. The closing costs specified in the LE are estimated based on One Source Lending 303-220-7500's experience with mortgage loans, but costs usually vary a little bit between the LE and closing. We review LEs with buyers every day, so we will be happy to answer your questions about closing costs.

Below is a generic list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

One Source Lending 303-220-7500 can help you understand closing costs. Call us at 303-220-7500.