Closing Cost Estimator
Title insurance and documentary stamps are based on sales price. The sales contract determines fees paid by the buyer and seller
Documentary stamps on the deed are calculated as: sales price x .007
Calculation for title insurance premium:
| Policy Amount/Sales Price | Cost per $1,000.00 |
| Up to $100,000.00 | $5.75 |
| Over $100,00.00, up to $1,000,000.00 | $5.00 |
| Over $1,000,000.00, up to $5,000,000.00 | $2.50 |
| Over $5,000,000.00, up to $10,000,000.00 | $2.25 |
| Over $10,000,000.00 | $2.00 |
| Simultaneous Issue (to lender) | $150.00 |
| Example: | Sales price of $325,000.00= | |
| $100,00.00 x $5.75 = $575.00 + | ||
| $225,000.00 x $5.00 = $1125.00 | ||
| for total title insurance $1700.00 | ||
| Additional Title charges are (but not limited to): | ||
| Settlement Fee = | $400.00 | |
| Handling/courier/processing/wire = | $75.00 | |
| Document storage fee = | $20.00 | |
Other fees may be required due to title issues or lender requirements.
You may be entitled to a reissue credit. Please provide us with a copy of your Owner’s policy for our review.