Expected closing costs

There are certain typical fees related to closing the sale of a house. These expenses 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 Illinois to help guide you through the deal.

Costs pertaining to your loan 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

At closing, these fees are often due    (Learn more)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your deal, I'll not only work to get the optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.

Buyers: When purchasing a house in Cook 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 previous experience and is required to be within an appropriate range so you're not startled when you reach the closing table. I'll be happy to look at the LE with you, answering your questions and highlighting any estimates that are uncertain.

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