Good Faith Estimate Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. 

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. The "Good Faith Estimate,"  Can vary by the time you reach the settlement table.

Standard Closing Costs Loan-Related Costs Loan Origination Fee Points (optional) Appraisal Fee Credit Report Interest Payment Escrow Account Taxes Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Flood or Quake Insurance Private Mortgage Insurance (PMI) Title Insurance