Certain standard costs are related to closing the sale of a home. Buyers and sellers customarily share these costs, as the sales contract specifies.
As you'll see below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Riviera Funding is highly experienced with closings and mortgages, we are closing cost experts.
Very shortly after you submit your application, we will give you a "Loan Estimate" of your costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we cannot always predict closing costs to the penny. We answer buyers' questions about these costs every day at Riviera Funding, so please be sure to ask if you have questions.
We've provided a general list of these costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Riviera Funding, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs Loan-Related Costs Interest Payment Escrow Fees TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Costs Credit Report Property Taxes InsuranceRecording Fees and Transfer Taxes Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Earthquake Insurance
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