There are some wonderful resources to explain the settlement process and to break down an explanation of closing costs and pre-paids. Feel free to explore the following resources at your leisure.
Federal Title – explanation of closing costs for MD/DC & VA:
Also, see the website for an interactive “Close It” app for your iPad or other device
Counselors’ Title – great explanation/resource for MD & DC:
http://ctitle.net/pricing/calculating-closing-cost-guidelines/
RGS Title has a fantastic Home Buyer Guide & other resources:
http://www.rgstitle.com/home-buyer-guide.htm