What are Closing Costs?

There are certain standard costs related to closing the sale of a home. Buyers and sellers almost always share these costs, as the sales contract specifies.

Many of the closing costs associated with buying a home are associated with getting a 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)

Buyers will 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 our experience with mortgage loans, but costs usually change a little bit between the GFE and closing. We answer buyers' questions about these costs every day at Hawk Mortgage Group, so please feel free to ask if we can help answer your questions.

Below you'll find a general 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
  • Loan-related costs
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance
  • Private Mortgage Insurance (PMI)

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

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question