About Closing Costs

All residential real estate transactions incurs costs. Buyers and sellers usually split these costs, as the sales contract specifies.

As the list below indicates, many of the costs result from getting your mortgage. Since Triumph Mortgage Inc has extensive experience with closings and mortgages, we often explain the details of closing costs.

Loan Estimates (LEs)

Very soon after you apply for a loan, we will give you the "Loan Estimate" of your closing costs. The closing cost estimate is based on the loan officer's past experience. It's important to note that while our LEs are very accurate, we can't always predict costs to the penny. We will be glad to review the "Loan Estimate," answering questions and pointing out costs that sometimes vary a little bit at closing.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your 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
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
  • Costs associated with "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Triumph Mortgage Inc can answer questions about these closing costs. Give us a call: 8327302000.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question