Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees which pay for various services involved when you sell or buy residential real estate. Buyers and sellers negotiate to decide how to share these costs.

As you'll see below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. At Cal Coast Financial Corp, we are highly experienced in mortgage lending, so we can compile a comprehensive list of mortgage-related closing costs in your "Good Faith Estimate".

The Good Faith Estimate (Also know as the GFE)

Very soon after you submit your application, we'll give you the "Good Faith Estimate" of your costs. We base this closing cost estimate on our extensive past experience. It's important to note that while our GFEs are very accurate, we cannot always estimate your closing costs to the penny. We field buyers' questions about closing costs every day at Cal Coast Financial Corp, so please feel free to contact us if we can help answer your questions.

Below is a general list of costs for buying a home. We will always provide a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

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

Cal Coast Financial Corp can help you understand closing costs. Give us a call at (510) 683-9850.

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