Closing Costs for Residential Real Estate Transactions

Every home sale involves certain costs. Buyers and sellers usually share these closing costs, as the sales contract specifies.

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

The Good Faith Estimate (Also know as the GFE)

Soon after you apply for a loan, we'll provide you with a "Good Faith Estimate" of your costs. We base this cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always predict your costs to the penny. We handle questions about closing costs every day at Cal Coast Financial Corp, so please feel free to ask if you have questions.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you have completed your application. At Cal Coast Financial Corp, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
  • Loan-related costs
  • Points — lower your interest rate (optional)
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

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

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