What are Closing Costs?

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Sellers and buyers usually negotiate these closing costs.

As you'll see below, many of the buyer's closing costs are related to the costs of originating the mortgage loan. Since Hawk Mortgage Group is highly experienced with mortgages & closings, we are closing cost experts.

Good Faith Estimate (GFE)

Soon after you submit your application, we will give you a "Good Faith Estimate" of your closing costs. The closing costs specified in the Good Faith Estimate are estimated based on Hawk Mortgage Group's experience with mortgage loans, but costs usually change by small amounts between delivery of the GFE and closing. We will be glad to review the "Good Faith Estimate," answering questions and pointing out costs that sometimes change slightly at closing.

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

Standard Closing Costs

Loan-Related Costs
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
Property Taxes
  • Insurance
  • Recording Fees & Transfer Taxes
Homeowners Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Hawk Mortgage Group can answer questions about these closing costs. Give us a call: (443) 619-7900.

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