Closing Costs for Home Real Estate Transactions

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"Closing Costs" are the fees that cover various services involved in the sale of a house. Buyers and sellers often negotiate the payment of these closing costs.

As the list below indicates, many of the costs result from getting your mortgage loan.  At Croghan Colonial Bank, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Good Faith Estimate".

Loan Estimate (Also know as the LE)

Soon after you submit your completed application, we will provide you with the "Loan Estimate" of your costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that can vary a little bit at the closing table.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your application. At Croghan Colonial Bank, 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 related to "originating" your loan
  • Points — lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
At Croghan Colonial Bank, we answer questions about closing costs every day. Give us a call: (888) 276-4426.

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