What You’ll Need to Pay

Estimated Costs
Clients may be entitled to certain discounts on their next settlement. A Settlement Sheet or Closing Statement is divided into several categories as follows:

Lender Items to Borrower 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

Lender Prepaids:

• Real Estate Tax Escrows
• Hazard Insurance Escrows
• Interim Interest

Title Items (Below is a list of commonly known fees.  There may be other fees assessed as part of the closing).:
GFE Calculator/Quotes

• Abstract/Title Search: $150-$300 (Buyer unless contract states otherwise)
• Payoffs Release Tracking – $35 per payoff (Seller)
• Title Clearance (if necessary) – $110-210/hour (Seller)
• Insured Closing Letter: $30-$50 (Buyer)
• Document Archiving Fees: $50 (Buyer)
• Recording Service Fee: $20-$25 (Buyer)
• Tax Certificate: $15/parcel (Seller)
• Wire Fees: $35
• Title Insurance: Rates vary per jurisdiction. Contact us for a quote.  (Buyer -DC/MD/VA/PA; Seller or Buyer-FL)
• Location Plat/Survey: $225-$450 (Buyer)
• FL tax and lien search: $170 (Buyer)

Recording Fees:

DISTRICT OF COLUMBIA (fees/rates are subject to change.  Please verify before relying on this data):

• Deed: $31.50
• Deed of Trust: $156.50
• Releases / Power of Attorney/UCC Financing Statement: $31.50
• E-recording surcharge: $3.50
• DC Transfer & Recordation Tax (purchase price < $400,000):  1.1 % of the purchase price each (1.1% to the buyer/1.1% to seller)
• DC Transfer & Recordation Tax (purchase price >= $400,000) 1.45 % of the purchase price each (1.45% to buyer/1.45% to seller)
• Property tax rate: Residential: $.85/100 of the assessed value