Resources / Closing Costs in Kansas City
Closing Costs in Kansas City
Closing costs are the fees to complete the loan and the sale. They are separate from your down payment.
What closing costs include
- Lender and underwriting fees
- Appraisal and credit report
- Title search, title insurance and settlement fees
- Prepaid homeowners insurance
- Prepaid interest and property tax deposits
- Recording fees
Ways to lower the cash you bring
- Ask the seller for a credit in your offer
- Compare lenders on the Loan Estimate, not just the rate
- Ask about a lender credit and what it costs you elsewhere
- Check assistance programs that can help with closing costs
- Close later in the month to reduce prepaid interest
Seller credits have limits that vary by loan type. I will tell you what your loan allows before you write the offer.
Get the real number
Every lender must give you a Loan Estimate after you apply. I walk through it line by line. A broker can compare more than one lender, which makes the fee comparison easier. Read how a broker compares to a bank.
Common questions
Can I roll closing costs into the loan?
On a refinance sometimes. On a purchase the options depend on the program. Ask me before you plan around it.
What is the difference between closing costs and prepaids?
Closing costs are fees for services. Prepaids fund your first insurance and tax payments. Both show up at closing.
Told no somewhere else? Call me.
I can’t promise a yes, but I’ll look at every option. Call or text, or meet in person.