Closing Costs

Every home sale involves certain costs. Sellers and buyers customarily split these costs, as specified in the sales contract.

As indicated below, many of the buyer's costs cover the costs of originating the loan. At First Community Bank of Central Al., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the LE are estimated based on First Community Bank of Central Al.'s experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We answer buyers' questions about closing costs every day at First Community Bank of Central Al., so please be sure to ask if you have questions.

Below you'll find a generic list of closing costs. We will always provide you with a specific list of your closing costs when we give you a Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood / Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
  • Title Insurance

First Community Bank of Central Al. can help you understand closing costs. Call us: (334) 285-8850.

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