About Closing Costs

All residential real estate transactions involves certain costs. Buyers and sellers usually share these closing costs, as specified in the real estate sales contract.

Many of the closing costs associated with buying a home are associated with getting a mortgage. Since Utah Funding is highly experienced with closings and mortgages, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Very shortly after you submit your application, we'll provide you with the "Good Faith Estimate" of your costs. The closing costs spelled out in the Good Faith Estimate are estimated based on Utah Funding's experience with mortgage loans, but costs often change by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We will be glad to review the "Good Faith Estimate," answering questions and highlighting costs that sometimes vary a little bit at closing.

We've provided a general list of closing costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you have completed your application. At Utah Funding, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
Property Taxes
  • Insurance
  • Recording Fees and Transfer Taxes
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood or Quake Insurance

At Utah Funding, we answer questions about closing costs every day. Call us: (949) 486-3777.