What are Closing Costs?

"Closing Costs" are the fees which cover various services involved when you sell or buy a home. Sellers & buyers negotiate the payment of these costs.

As indicated below, many of the closing costs result from getting your mortgage. At Mortgage Headquarters of Missouri, Inc, we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we'll give you a "Loan Estimate" of your costs. The closing costs enumerated in the LE are estimated based on Mortgage Headquarters of Missouri, Inc's experience with mortgage loans, but costs usually vary by small amounts between delivery of the Loan Estimate (LE) and closing. We review LEs with buyers every day, so we are happy to answer your questions about closing costs.

Below you'll find a generic list of costs for buying a home. We will provide a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

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

At Mortgage Headquarters of Missouri, Inc, we answer questions about closing costs every day. Give us a call: 5733029990.

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Mortgage Headquarters of Missouri, Inc

4824 Osage Beach PKWY Suite 1
Osage Beach, MO 65065