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Closing Costs

There are certain standard costs related to closing the sale of a house. Sellers and buyers usually share these costs, as specified in the sales contract.

As the list below indicates, many of the costs result from getting your mortgage.

Since First Community Mortgage has experience with mortgages and closings.


Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this closing cost estimate on our many years of past experience. Please note that while our LEs are very accurate, we can't always predict closing costs to the penny. We handle buyers' questions about closing costs every day at First Community Mortgage., so please be sure to ask if you have questions.

We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At First Community Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

We can only offer an estimated quote for this area. You choose your own home insurance company for your insurance premiums, and the property taxes are determined by the local revenue office.  


Standard Closing Costs

Loan-Related Costs

  • Costs related to "originating" your loan 

  • Points - These are costs you pay up-front to lower your mortgage interest rate (optional) 

  • Appraisal Fee 

  • Pulling your Credit Report 

  • Up-front Interest Payment 

  • Escrow Account 

  • Taxes

Property Taxes 

  • Transfer Taxes and Recording Fees 

  • Insurance 

Homowners Insurance

  • Flood / Earthquake Insuance if applicable 

  • Private Mortgage Insurance 

  • Title Insurance 

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Got a Question?

First Community Mortgage can answer questions about these closing costs.

Give us a call: (334) 285-8850

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NMLS     |     FAIR LENDER     |     FAIR HOUSING

First Community Mortgage provides links to external websites for convenience and information purposes only. Users should be aware that when you select an external link on First Community Mortgage site, you will be leaving our site, and those sites are not under the control of First Community Mortgage. FCM is not responsible for the contents of any kind, or any udpates or changes of any external sites, such as Alamode, Inc. As seen on Mortgageloan.com, and the Inman News Community.

First Community Mortgage

3090 Hwy 14 Ste D.

Millbrook Al. 36054

NMLS     |     FAIR LENDER     |     FAIR HOUSING

First Community Mortgage provides links to external websites for convenience and information purposes only. Users should be aware that when you select an external link on First Community Mortgage site, you will be leaving our site, and those sites are not under the control of First Community Mortgage. FCM is not responsible for the contents of any kind, or any udpates or changes of any external sites, such as Alamode, Inc. As seen on Mortgageloan.com, and the Inman News Community.