What closing costs should you expect?

There are certain typical expenses accompanying closing the sale of a house. These expenses are often split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help show you through the transaction.

Closing costs that are loan-related    (More information)

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

At closing, the following taxes are usually collected    (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: As we hammer out your sale, not only will I work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying a house in Oklahoma County, you will get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within an appropriate range so you're not stunned when you come to the closing appointment. I'll be happy to look over the LE with you, answering your questions and highlighting any estimates that seem unusual.