Closing costs you should expect

There are certain basic expenses linked to closing the sale of a house. These fees are commonly divided between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through the deal.

Loan-related closing costs    (Click here for details)

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

At closing, these taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for details)

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

Sellers: As we negotiate your deal, not only will I work to get the optimal sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing real estate in Oklahoma County, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within a suitable range so you're not shocked when you arrive at closing time. I'll be willing to look over the LE with you, answering your questions and highlighting any estimates that are uncertain.