Expected closing costs

There are certain basic expenses related to closing the sale of a house. These costs 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 Rhode Island to help lead you through your deal.

Loan-related closing costs (Learn more)

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

At closing, the following taxes are usually paid (Learn more)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (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 transaction, I'll not only work to get the very best sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you know exactly what you're paying for.

Buyers: If you are buying a home in Washington County, you will be given 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 a tolerable range so you're not startled when you come to closing time. I'll be willing to look at the LE with you, answering your questions and highlighting any estimates in question.