Expected closing costs

There are certain typical expenses linked to closing the sale of a house. These costs are usually split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Maryland to help show you through the deal.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

Taxes you may be responsible for at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we get through the details of your deal, not only will I work to get the optimal sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing a property in Anne Arundel County, you'll receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within an acceptable range so you're not stunned when you come to the closing table. I'll be willing to go through the LE with you, answering your questions and highlighting any estimates that are uncertain.

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