These fees are to be used for good faith purposes only and are subject to change in connection with lender requirements, contact and loan amount adjustments.
Total settlement fee is $600 and includes the following services:
- Closing / Settlement Fee
- Title Abstract Fee
- Electrical / Technical / Administrative Fee
- Title Binder
- Tax Certificate
- Notary Fees
Please note: The settlement fee does not include the cost of a survey as it is an additional service and may not be required for all transactions. If it is required by your lender the cost is approximately $225 in DC.
** Additional charges will apply when there are two loans. There is a $100 fee in addition to the settlement fee for closing second mortgages.
** Powers of Attorney - there is a $75 charge for preparation of a power of attorney.
WHAT IS TITLE INSURANCE?
** REUSSUE CREDIT - SAVINGS!!!
When the home you are purchasing has an existing owners insurance policy, you are entitles to a discount on the new policy. We will ensure, where such coverage exists, that you receive a reissue rate on your new insurance.
Recordation and Transfer Charges
|Record Deed and Deed of Trust||$156.50|
|Recordation Tax||1.1% of Contract Price|
|1.45% of Contract Price|