Closing Costs

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"Closing Costs" are the fees which pay for various services involved when you sell or buy a home. Buyers & sellers usually negotiate these costs.

Many of the closing costs associated with buying a home are associated with getting a mortgage. Since America's First Funding Group is highly experienced with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Soon after you submit your application, we'll provide you with a "Good Faith Estimate" of your costs. This cost estimate is based on our past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate costs to the penny. We handle questions about closing costs every day at America's First Funding Group, so don't hesitate to contact us if we can help answer your questions.

Below you'll find a fairly generic list of closing costs. We will always provide a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs

• Interest Payment
• Escrow Fees
• Various Taxes
• Costs related to "originating" your loan
• Points — These are costs you pay up-front to lower your interest rate (optional)
• Appraisal Fee
• Credit Report

Property Taxes

• Insurance
• Recording Fees and Transfer Taxes

Homeowners Insurance

• Title Insurance
• Flood / Quake Insurance if applicable
• Private Mortgage Insurance (PMI)

America's First Funding Group can help you understand closing costs. Call us: 732-643-0200.