Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which cover the various services involved when you sell or buy a home. Sellers & buyers usually negotiate the payment of these closing costs.

As indicated below, many of the buyer's closing costs are related to the costs of getting the mortgage loan. At Triumph Mortgage Inc, 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)

Very soon after you submit your application, we'll provide you with a "Loan Estimate" of your closing costs. The closing costs specified in the Loan Estimate are estimated based on Triumph Mortgage Inc's experience with mortgage loans, but costs usually change by small amounts between delivery of the LE and closing. We go over Loan Estimates with buyers almost every day, so we will be happy to answer any questions you have about closing costs.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your loan application. At Triumph Mortgage Inc, 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
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes & Recording Fees
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Triumph Mortgage Inc, we answer questions about closing costs every day. Call us at 8327302000.

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