
	Finding the right home at the right price is just one aspect of a home sale or purchase. Five Star Realty And Management Company, Inc. is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 8476586556 if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain normal expenses related to closing the sale of a house. These costs are often split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Illinois to help lead you through the deal.

Closing costs that are loan-related (More information)

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

At closing, these taxes are usually collected (More information)

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (More information)

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 optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.

Buyers: If you're purchasing a property in McHenry County, you will be given 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 prior experience and is required to be within a suitable range so you're not surprised when you get to the closing table. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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Mortgage Calculator:

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Today's Rates:

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30-yr Fixed	3.87%	4%
15-yr Fixed	3.16%	3.33%
1-yr Adj	2.78%	3.45%

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