Closing Costs for Home Real Estate Transactions

Every home sale incurs fixed costs. Buyers and sellers customarily split these closing costs, as specified in the real estate sales contract.

As indicated 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 closings and mortgages, we often explain the details of closing costs.

Good Faith Estimates (GFEs)

Very shortly after you apply for a loan, we will provide you with a "Good Faith Estimate" of your costs. The closing costs spelled out in the Good Faith Estimate are estimated based on Hawk Mortgage Group's experience with mortgage loans, but costs often vary by small amounts between delivery of the Good Faith Estimate (GFE) and closing. We field buyers' questions about these costs every day at Hawk Mortgage Group, so please be sure to ask if we can help answer your questions.

Below is a fairly generic list of costs for buying a home. We will always provide you with a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

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

Hawk Mortgage Group can help you understand closing costs. Call us at (443) 619-7900.

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