What Are Closings Costs

Every home sale involves certain costs. Buyers and sellers usually split these closing costs, as specified in the real estate sales contract.

As you'll see below, many of the costs result from getting your mortgage loan. Since Olympic Mortgage has extensive experience with mortgages & closings, we are closing cost experts.

Good Faith Estimate (GFE)

Buyers get a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The closing costs enumerated in the GFE are estimated based on Olympic Mortgage's experience with mortgage loans, but costs often change by small amounts between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering your questions and pointing out costs that sometimes change slightly at the closing table.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, soon after you have completed your application. At Olympic Mortgage, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.