Don't forget to factor in closing costs when considering a home sale or purchase. Coldwell Banker is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 202-362-5800 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

There are certain basic costs related to closing the sale of a house. These costs are often divided between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in District of Columbia to help guide you through the transaction.

Loan-related closing costs    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we get through the details of your transaction, not only will I work to get the optimal sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you know exactly what you're paying for.

Buyers: When buying a house in District Of Columbia County, you'll get a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not surprised when you come to closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.
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Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed3.83%3.96%
15-yr Fixed3.05%3.21%
1-yr Adj2.73%3.39%
* national averages

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