Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for the various services involved when you sell or buy a home. Buyers & sellers usually negotiate to determine who will pay different portions of these closing costs.

As you'll see below, many of the buyer's closing costs are related to the costs of getting the loan. Since Baywide Funding Corporation has extensive experience with closings & mortgages, we are closing cost experts.

Good Faith Estimate (Also know as the GFE)

Very soon after you apply for a loan, we'll give you a "Good Faith Estimate" of your closing costs. The closing costs enumerated in the GFE are estimated based on Baywide Funding Corporation's experience with mortgage loans, but costs often vary a little bit between delivery of the GFE and closing. We field questions about these costs every day at Baywide Funding Corporation, so don't hesitate to contact us if we can help answer your questions.

Below you'll find a fairly generic list of closing costs. We will provide a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Various Taxes
  • Loan Origination Fee
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

At Baywide Funding Corporation, we answer questions about closing costs every day. Call us: 650 428 0234.