What are Closing Costs

Closing costs are always a question that Southwest Louisiana Buyers and Sellers ask about. They want to know  exactly what closing costs amount to on a Home for Sale.

Closing costs can amount to thousands of dollars and the costs are based on the purchase price of the home.  Closing costs in general are, mortgage insurance, title insurance, attorney fees, recording fees and loan percentages.   Your loan officer will discuss closing costs with you when you find the home you want to purchase.  At that time when you make the offer on the home, you can ask Seller to contribute an amount to your closing costs.  Your Realtor and loan officer will  communicate and if needed the Realtor will negotiate closing costs in the purchase offer. Examples  of closing costs are as follows:

One time fees

  • Title policies
  • Down Payment – (In most cases this is 3.5% of the total sales price for FHA/Conv loans)
  • Escrow or Initial Deposit
  • Notary
  • Wire Fees
  • Courier/delivery
  • Attorney fees
  • Recording
  • State, County, City transfer taxes
  • Home Warranty (paid by buyer or seller)

Recurring costs paid again

  • Homeowners Insurance and possibly mortgage insurance
  • Property taxes
  • Daily Interest

Closing costs are usually broken down by your Loan Officer who can give you a thorough explanation en estimate the closing costs for your Southwest Louisiana Home Purchase. Also Keep in mind there will be Lender Closing Fees.


Marilyn Boudreaux is a Full Time Licensed REALTOR in the State of Louisiana affiliated with Century 21 Mike D. Bono & Co.’s.

Copyright 2014© Marilyn Boudreaux

Marilyn Boudreaux, REALTOR® 337-499-9592

Century 21 Mike D. Bono & Co.’s

4410 Nelson Road

Lake Charles, LA USA 70605

337 478-1578