Your Guide to DeLand Real Estate & Volusia County Properties

Closing Costs

What in the world is THAT fee for?

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.  As an example, when transacting a home sale here in Volusia County, it is customary for the seller to pay for and provide title insurance, but ANYTHING may be changed on a contract if written in and signed by both parties.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes (pro-rated)
  • Transfer Taxes and Recording Fees
  • Doc Stamps 

Insurance

  • Homeowners Insurance
  • Flood Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Usually, the day before closing, your loan officer should have an exact dollar figure that you will need to bring to closing.  This is usually in the form of a cashiers check/certified funds.




Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed4.32%4.46%
15-yr Fixed3.83%4.03%
1-yr Adj3.5%4.34%
* national averages



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Your Guide to DeLand Real Estate and Volusia County Properties around Central Florida including these areas:  DeLand, Orange City, Glenwood in DeLand, Victoria Park in DeLand, Victoria Commons in DeLand, Victoria Hills in DeLand, Brandywine in DeLand, Bent Oaks in DeLand, The Reserve at Bent Oaks in DeLand, Tomoka Woods in DeLeon Springs , Barberville, Beresford Lakes Terrace in DeLand, Hontoon Peninsula in DeLand, St. Johns River along Volusia County, Lake Beresford in DeLand, River Ridge in DeLand, Hontoon Marina in DeLand, Quail Hollow in DeLand, Blue Springs in Orange City, Daytona Park Estates in DeLand, Enterprise, Enterprise in Orange City, Saxon Woods in Orange City, Longleaf Plantation in DeLand, DeBary, DeBary Golf & Country Club, DeBary Plantation, Deltona, Lake Helen, Cassadaga, Osteen, DeLeon Springs, Astor, Pierson, Seville, Lake Lindley, Lake Winnemissette, Samsula, Sanford, Lake Mack, Lake County, Whisperwood Mobile Homes, Meadowlea Estates Manufactured Homes, The Oaks, North Ridge in DeLand, Stetson University, Port Orange, Ormond Beach, Countryside, Holly Hill, Samsula, Forest Trace in DeLand, Mallory Square in DeLand, Port Orange Landings, Daytona Beach, Daytona Beach Shores, Seminole County real estate, Sanford, Orlando, Orange County real estate, DeLand Mobile Homes, A Better Place, Shops of DeLand, The Trails, Trails West in DeLand, Glenwood Springs in DeLand, Berry's Ridge in DeLand, Northridge in DeLand,  Riviera Bella in DeBary, Blue Lake in DeLand, Glenwood Reserve in DeLand, Stone Island in Deltona, Glenn Abby in DeBary, and more!

Put the Power of Total Realty, The Jennifer Clark Team and Technology to work for you!

Michael Halpin, Realtor®, e-PRO and Volusia Property Showcase.com


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