What closing costs should you expect?

There are certain expected costs associated with closing the sale of a home. These fees are commonly divided 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 from the Edmond/OKC Metro area to help lead you through your transaction.

Closing costs that are tied to financing    (More information)

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

Taxes you may be responsible for at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (More information)

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

Sellers: We will work to get the very best sales price for your home, and once we've reached an agreement, we'll describe in detail the closing costs so you know exactly where your money is going.

Buyers: When purchasing a home in the  Edmond/OKC Metro area, you'll be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's prior experience and are required to be within an acceptable range so you're not surprised when you get to the closing appointment.  We'll look over the estimate with you, answering your questions and highlighting any estimates that don't seem correct. 

Finding the right home at the right price is just one aspect of a real estate transaction.  As Churchill-Brown associates we are seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 405-818-3808 if your needs include a professional REALTOR® ready for the business side of real estate.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details