Anticipated closing costs

There are certain ordinary costs associated with closing the sale of a house. These expenses are usually divided between the buyer and seller, as noted 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 the deal.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

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

At closing, the following taxes are usually collected    (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 hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you are buying a home in Norfolk 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 suitable range so you're not shocked when you reach the closing table. I'll be willing to look at the LE with you, answering your questions and highlighting any estimates that are uncertain.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494