What closing costs should you expect?

There are certain expected expenses linked to closing the sale of a house. These expenses are usually divided between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Ohio to help guide you through your process.

Loan-related closing costs    (Click here for more information)

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

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

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your deal, not only will I work to get the highest sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are aware of exactly what you're paying for.

Buyers: When purchasing a property in Franklin 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 prior experience and is required to be within a tolerable range so you're not startled when you get to the closing appointment. I'll be glad to look at the LE with you, answering your questions and highlighting any estimates that seem off.