Expected closing costs

There are certain typical fees associated with closing the sale of a house. These expenses are often split 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 New Mexico to help guide you through your deal.

Costs pertaining to your loan to be paid at closing    (Learn more)

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

Taxes you may be responsible for at closing    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

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

Sellers: As we get through the details of your sale, I'll not only work to get the very best sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing a house in Santa Fe County, you will be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a tolerable range so you're not astonished when you arrive at the closing appointment. I'll be happy to look through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.