About Closing Costs

"Closing Costs" are the fees that cover various services involved when you sell or buy a house. Buyers & sellers negotiate to decide how to split these closing costs.

As the list below indicates, many of the costs result from getting your loan. Since Hawk Mortgage Group is highly experienced with mortgages & closings, we often explain the details of closing costs.

Loan Estimate (LE)

Very soon after you submit your application, we will give you a "Loan Estimate" of your costs. We base this closing cost estimate on our extensive past experience. Please note that while our LEs are very accurate, we can't always estimate closing costs to the penny. We handle questions about these costs every day at Hawk Mortgage Group, so don't hesitate to ask if you have questions.

Below is a fairly general list of closing costs. We will provide you with a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — These are costs you pay up-front to lower your interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Various Taxes
  • Loan-related costs
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

Hawk Mortgage Group can answer questions about these closing costs. Call us at (443) 619-7900.

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