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About Closing Costs

In the Contra Costa area, closing costs are paid by the buyer. We will calculate a Good Faith Estimate for closing costs on potential home purchases you may be considering. If you are selling your home, we will provide this service to potential buyers.

Some of the items associated with closing costs are:

  • Title Insurance Premium
Fee paid by an individual to insure he has a marketable title, or in the case of a lender, to insure their lien position.
  • Real Estate Commission
Fee paid to a real estate broker for services rendered in listing, showing, selling and consummating the transfer of property.
  • Transfer and Assumption Charges
Fees charged by a lender to allow a new purchaser to assume an existing loan.
  • Recording Fees
Fees assessed by a county recorder's office for recording the document of a real estate transaction.
  • Loan Fees
Fees charged by a lender in connection with the processing of a new loan. These may include points, origination fee and credit report.
  • Escrow Fees
Fees charged by a title and/or escrow company for services rendered in preparing documents necessary in the consummation of a real estate transaction.
  • Taxes and Impounds
You may be required to pay six months' worth of taxes, insurance impounds and interest prorations.
  • Additional Settlement
Inspection fees.
 
Copyright © 2006 Main Street Realty
Main Street Realty * 3659 Main Street * Oakley, CA 94561
Serving Contra Costa County, California - including Antioch, Bethel Island, Brentwood, Concord, Oakley, Pittsburg and Walnut Creek