About Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers customarily split these costs, as specified in the real estate sales contract.

Many of the closing costs associated with buying residential real estate are associated with getting a loan. At Hancock Mortgage Partners, LLC NMLS# 229844, we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you submit your application, we will provide you with the "Loan Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our LEs are very accurate, we cannot always estimate costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and pointing out costs that sometimes vary a little bit at the closing table.

Below is a fairly generic list of costs for buying a home. We will always provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood / Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Hancock Mortgage Partners, LLC NMLS# 229844 can answer questions about these closing costs. Call us: 225 819 7670.