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Buyer’s Fees
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Contract Preparation
Settlement Fee
H
0
Construction Financing
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$250 – $500
$595 for standard residential closings
$495 for refinances
$795 for standard commercial closings
$75 per draw
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Title Search/Abstract (estimate)
Construction draw updates
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$100-$150 (River City Title or other title insurance company)
$35 (River City Title)
(other companies may be higher)
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Title Insurance Binder
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$150 (River City Title)
(other companies may be higher)
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Recording Fee
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$55 (River City Title)
(other companies may be higher)
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Preparation of cover sheets required by some counties (if applicable)
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$25 each
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Courier/Overnight Carrier packages
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$25 each
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Title Insurance
(Owner’s and Lender’s Policy)
* I recommend enhanced coverage (Old Republic Homeowner’s Title Policy), which will be ordered for residential purchases unless otherwise specified. Rates are subject to change and are not controlled by my office.
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$3.90 per $1,000 of sale price
+ $100 for lender’s policy*
$4.90 per $1,000 of sale price for enhanced policy
+ $100 for lender’s policy
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*If you can obtain a recent title insurance policy from the owner/seller of the property, we can usually use that policy to obtain a re-issue title insurance rate, which may save up to 40% on the costs of title insurance.
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Seller’s Fees
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Contract Preparation
Complete Seller Representation: Contract review, Document Preparation, Closing Statement review
Deed Preparation Only:
Deeds of Gift, Quitclaims, etc.
Deed Preparation services for Title Companies and other volume producers:
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$250 – $500
$395
0
$175
$150
$150
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Courier or overnight mail packages
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$25
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Obtaining payoffs and releases
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$50
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Other Services
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Preparation of Promissory Note and Deed of Trust
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$350
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Preparation of Rent-back Agreements, Escrow Agreements, Contract Addenda
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$150 – $250
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Preparation of Residential Leases
Preparation of Commercial Leases
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$275
$275-$500
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Preparation of Subordination Agreements, Powers of Attorney, Easements, Options, Modification Agreements
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$150-$250
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Hourly rate for most non-flat fee services
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$325
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State and County Recording Fees and Transfer Taxes
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Clerk’s Recording Fees*:
Deed
Deed of Trust (mortgage)
Release/certificate of
satisfaction of paid-off
mortgage
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BUYER RESPONSIBILITY
$31
$32-66
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SELLER RESPONSIBILITY
$31
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Transfer taxes based on the purchase price:*
VA tax for Deed
County/City tax for Deed
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.0025% of sale price
.00834% of sale price
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n/a
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Transfer taxes based on the mortgage amount:*:
VA tax for Mortgage
County/City tax for Mortgage
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.0025% of mortgage amount
.00834% of mortgage amount
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n/a
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Grantor Tax*
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n/a
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.001% of sale price
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*Please note that these calculations are for demonstrative purposes only. Some fees vary by county or city, and fees and taxes change from time to time.
THE FOLLOWING FEES MAY BE CHARDED BY YOUR LENDER. YOU SHOULD RECEIVE A GOOD FAITH ESTIMATE OF ALL CHARGES, WHICH WILL INCLUDE AN ESTIMATE OF THE CHARGES AND COSTS LISTED ABOVE. ALL OF THE FEES LISTED BELOW VARY FROM LENDER TO LENDER.
- Lender fees may include:
- “Points” (1 point =1% of loan amount)
- Appraisal/Application Fees
- Credit Report Fees
- Document Preparation Fees
- Underwriting Fees
- Flood Certification Fees
- Tax Service Fees
- Processing Fees
- Interest Rate Lock-In Fee
- Mortgage Broker commissions and fees
- Prepaid Items:
- Real Estate Tax Escrows
- Hazard Insurance Escrows
- Homeowner’s Association or Condominium Dues
- Mortgage Insurance
- Interim Interest
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