505-293-1224 Albuquerque and I'll assist you to comprehend all the costs and identify any errors. 505-293-1224 There are certain expected fees accompanying closing the sale of a house. These costs are commonly split between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New Mexico to help lead you through the transaction.

Loan-related closing costs    (Click here for more information)

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for 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 deal, I'll not only work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: When purchasing a property in Bernalillo County, you will receive 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 past experiences and is required to be within a reasonable range so you're not stunned when you come to the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates that seem off.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details