What closing costs should you expect?

There are certain typical costs accompanying closing the sale of a house. These fees are usually divided between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Rhode Island to help show you through your transaction.

Closing costs that are loan-related    (Learn more)

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

Taxes commonly paid at closing    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

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

Sellers: As we get through the details of your sale, I'll not only work to get the very best sales price, but I'll also push for reduced 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're purchasing a house in Washington County, you'll 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 previous experience and is required to be within a tolerable range so you're not shocked when you show up at the closing table. I'll be willing to look through the LE with you, answering your questions and highlighting any estimates that are uncertain.