About Closing Costs

Mac 5 Mortgage can answer questions about these closing costs. Call us at 970-625-8686.

There are certain standard costs associated with closing the sale of a house. Buyers customarily pay these costs, as specified in the real estate sales contract, however, depending on the contract the seller may have to split a portion of the closing costs. "Closing Costs" are the fees that cover the various services involved in the sale of a house. These fees might be paid out of pocket or indirectly by increasing the loan amount or charging a higher interest rate.

As you'll see below, many of the costs result from getting your mortgage loan. Since Mac 5 Mortgage is highly experienced with closings and mortgages, we can help you understand your closing costs.

Getting The Loan Estimate

Three days after you apply for a loan, we will provide you with a Loan Estimate. The Loan Estimate details information like closing costs, taxes, insurance, estimated interest rate monthly payment and more. This estimate is not an approval, but it's the first step toward getting your loan.

We field questions about closing costs every day at Mac 5 Mortgage, so please feel free to ask if we can help answer your questions.

We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your loan application. At Mac 5 Mortgage, 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
  • Loan Origination Fee
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance
Shopping for a mortgage loan? We'll be glad to answer your questions about our many mortgage solutions! Call us at 970-625-8686. Ready to get started? Apply Here.

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