This step in the process is called closing of escrow . The good-faith estimate is based on the lender's typical loan origination costs for the area in which your home is located. So the estimate usually changes between application and closing and will show the actual amount of money you'll need to bring to closing. Remember that you'll need to pay your closing costs in the form of a certified or cashier's check . Personal checks usually aren't accepted.
Closing costs vary widely depending a variety of factors, including price and location.
Your lender, real estate sales professional, and closing agent will be handling many pre-closing activities, but you still need to be aware of them and know who typically arranges and pays for each activity. You will receive a number of important documents at the closing meeting. Review the list below before you go to the closing table to prepare for the documents that you'll receive. The settlement sheet itemizes the services provided and lists the charges to the buyer and the seller . It is filled out by your closing agent and must be signed by both you and the seller.