Closing costs you should expect

There are certain ordinary costs linked to closing the sale of a house. These expenses are commonly split between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Rhode Island to help show you through your deal.

Loan-related closing costs    (More information)

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

Taxes commonly paid at closing    (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 get through the details of your transaction, not only will I work to get the highest sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're purchasing a home in Washington 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 previous experience and is required to be within a reasonable range so you're not surprised when you come to the closing table. I'll be willing to look at the LE with you, answering your questions and highlighting any estimates that seem questionable.