Expected closing costs

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

Closing costs that are tied to your mortgage    (Click here for more information)

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for 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, I'll not only work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.

Buyers: If you're purchasing a house in Norfolk 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 past experiences and is required to be within a tolerable range so you're not stunned when you arrive at the closing appointment. I'll be happy to look over the LE with you, answering your questions and highlighting any estimates in question.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494