A Buyer’s Guide to Closing Costs
Most buyers begin their search focused on the purchase price, yet the true cost of buying a home includes several additional expenses that appear at closing. Closing costs are a routine part of every transaction, and buyers who understand them early are better prepared to make confident decisions. Lindsay Woolf and Josh Woolf bring clarity to this part of the process by helping buyers see the complete financial picture before moving forward.
When financing is involved, the lender provides a breakdown of projected expenses. These figures outline the cost of originating the loan, the services required to support and verify the file, and the charges associated with transferring ownership. Lindsay and Josh help clients interpret these details so they can evaluate the financial commitment with accuracy and ease.
When you decide to purchase a home with a loan, Josh and I work directly with your lender so you can review your projected closing costs and estimated monthly payment before you submit an offer. Having this information early allows you to understand what funds you will need to close and how your payment will be structured once the transaction is complete.
Closing costs typically include the fees charged by the lender to process and approve the loan, along with the outside services needed for underwriting and due diligence. Your closing documents will also reflect title and escrow charges, which support a secure and compliant transfer of ownership. Depending on the timing of your purchase, you may also see prepaid expenses such as homeowner’s insurance, mortgage interest, property taxes and any applicable association dues. Some loan programs may require an impound account that collects several months of taxes and insurance in advance. Certain properties may also include community assessments or association related fees.
In most California transactions, buyers can expect their closing costs to total approximately 2% - 3% of the purchase price. The final amount depends on the loan program, the characteristics of the property and whether any credits are provided by the lender or negotiated with the seller.
Josh and I make sure your lender provides a Loan Estimate that outlines your estimated figures. Your lender will review this document with you in detail so you understand how items like taxes, insurance and loan terms may influence your monthly payment. We stay in communication with your lender throughout the process so you have the most current information directly from them.
Closing costs are an important part of the buying process. When you understand them early, you can plan effectively, choose a price point that fits your goals and move forward with clarity. With preparation and thoughtful guidance, purchasing a home becomes a well supported investment in your future.
Contact us HERE or give us a call at (424) 212 3859.
Best regards
Lindsay Woolf CA DRE 02236711
Josh Woolf CA DRE 02252408
Circa Properties CA DRE 02182130
Disclaimer: The information in this blog post is provided for general informational purposes only and does not constitute legal advice. Real estate transactions can vary based on individual circumstances and local regulations. For guidance related to your specific situation, please consult the appropriate licensed professional.
