Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

  Directions:

From Worcester - Take I-290W towards Auburn; Take Exit #8 (Webster-Rte 12S); Turn left onto Oxford St (N); Turn rt at the light onto Southbridge St. (Rte 12); Drive 1.3 miles; At the end of Rte 12 continue onto Rte 20 West for .3 miles; Albert St. is on the right just before the Getty Gas station.

From Boston - Mass Pike (West) to Exit 10- Auburn; Bear rt onto Rte 12 heading towards Rte 20 West (Charlton); Drive 1.3 miles; At the end of Rte 12, continue onto Rte 20 West for .3 miles; Albert Street is on the right just before the Getty Gas station.

From Springfield - Mass Pike (East) to Exit 10- Auburn onto Rte 12 toward Charlton; Go 1.4 miles; At the end of Rte 12 continue onto Rte 20W for .3 miles; Albert St. is on the right just before the Getty Gas station.

Equal Housing LenderFairway New England Mortgage is an Equal Opportunity Lender. Massachusetts Mortgage Broker/Lender, License No. MC5103.

 


Fairway New England Mortgage 5 Albert Street Auburn, MA 01501
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