Closing Costs

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.

When you decide to make an offer on a house, we will provide you with an estimate of your closing costs, and we will walk you through it, answering any questions you may have and explaining which costs are decreed by law to be yours and which are negotiable. In Northern Virginia, a rule of thumb estimate for closing costs for the buyer is 2 - 2.5 % of the purchase price.

Good Faith Estimate

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

Standard Closing Costs

Loan-Related Costs

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


  • Property Taxes
  • Transfer Taxes and Recording Fees


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