Home Buying in 95206>Question Details

Christina, Home Seller in Sacramento, CA

Are closing costs and escrow fees the same?

Asked by Christina, Sacramento, CA Tue Nov 10, 2009

Help the community by answering this question:


A lot of the fees are fairly fixed...like escrow fee at title company. So that doesn't matter if it is a $60,000 loan or $600,000 loan.....it makes the lender look bad, when a lot of the fees are semi-fixed and looks like high cost to the borrower.

1 vote Thank Flag Link Thu Jun 11, 2015
Closing costs represent all costs to fund the loan. Escrow fees are a specific part of the closing costs and vary by which company you use. Your agent should be able to refer you to an escrow company that they work with. You will want to review a closing statement to review all settlement costs and ask any questions about what they are for and why they are being charged. I would be happy to explain.


Mark DeWitt
Bank of America Home Loans
858-212-7054 Cell
1 vote Thank Flag Link Tue Nov 10, 2009
Hi Christina,

Escrow fees are part of your closing costs. Closing costs include all the expenses incurred. I am pasting a link to the Chicago Title website. They have some Q&A's which you may find helpful in understanding the escrow process and the fees that you may encounter. The escrow officer handling your transaction can provide you with a listing of expected costs along with an explanation of what the fee covers.

http://www.chicagotitle.com/DesktopDefault.aspx?tabid=113#Sellers What to Expect
http://www.chicagotitle.com/DesktopDefault.aspx?tabid=113#Sellers Financial Responsibilities

April Tavares,GRI, ASP
Realtor, DRE License #01742179
Web Reference: http://www.AprilTavares.com
0 votes Thank Flag Link Tue Nov 10, 2009
Hi Christina,

They are included in those cost.

"Rocky" G.H. Hawrysz, Realtor®, Broker Associate, e-PRO®, ABR®, SRES®
Prudential California Realty
(209) 444-6610 - Direct Office Line
Web Site: http://www.TeamHawrysz.com
Lic.: 01468373
0 votes Thank Flag Link Tue Nov 10, 2009
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