Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved when you sell or buy residential real estate. Sellers and buyers negotiate to determine who will pay different portions of these costs.

As you'll see below, many of the buyer's closing costs cover the costs of getting the loan. Since Augusta Mortgage Solutions has extensive experience with closings & mortgages, we are closing cost experts.

Loan Estimates (LEs)

Soon after you submit your application, we'll give you the "Loan Estimate" of your closing costs. The closing cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We go over Loan Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.

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

Standard Closing Costs

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

At Augusta Mortgage Solutions, we answer questions about closing costs every day. Call us at 706-860-5514.

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