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Estimated Costs
Clients of Stress Free Settlements may
be entitled to certain discounts on their next settlement. Items
marked with a red$ may
qualify for a discount.
A Settlement Sheet is divided into several
categories as follows:
Buyer/Borrower
Seller
Title Items:
Settlement fee $1000 $500
Abstractor Fee (plus copies)
$included n/a
Surveyor
$included n/a
Owners Title Insurance --
DC $4.75/1000 See Chart below
-- MD $3.50/1000 See Chart below
Lender Title Insurance -- DC $3.75/1000
-- MD $2.50/1000
Binder Fee $included
Title Examination $included
Notary Public $included $included
Release Fee $included
$included
Multiple payoffs (refis) $included
$included
Title Clearance, if necessary $300/hr.
Miscellaneous fees paid to third
parties if applicable:
Wire Fees
$included
$included
Courier Fees $included $included
Overnight (FedEx Fees)
$included
$included
FedEx Fuel Surcharges
$included
$included
Termite Inspection $50
District of Columbia Fees*
DC Transfer Tax 1.1%*
DC Recordation Tax 1.1%*
*1.45% if over $400k.
DC Recording Fees (1st 2 pages=$26.50, $7/page
thereafter)
Deed $26.50
Deed of
Trust $96.50
Releases $40
*variances may occur after application of first time
homebuyer, low-income homebuyer, and other tax abatements.
Montgomery County, Maryland Fees*
County Transfer Tax (1%) .50% .50%
State Transfer Tax (.5%) .25%* .25%
County Record Tax ($6.90/1000)
$3.45/500 $3.45/500
Recording Fee
Deed $40
Deed of Trust $40
Releases $30/each
Maryland Withholding Tax for non-Maryland
sellers
$6.75% of net for individuals
$8.25% of net for entities
*variances may occur after application of first time
homebuyer (Borrower does not pay this .25%), low-income homebuyer, and
other tax abatements as well as recently pending and enacted tax
reductions at state and county levels. County taxes vary. First $50,000 of
purchase price is exempt from County Recordation Tax.
Approximate Title Insurance Premium For Standard
Policy. For
Top
of the Line Enhanced Policy add approximately 40%. Substantial
Re-issue and Substitution Rate discounts up to 40% are often available
with copy of prior title insurance policy.
District of Columbia
| Contract Price |
Approx. Premium |
Contract Price |
Approx. Premium |
| $100,000 |
$475 |
$700,000 |
$3,000 |
| 150,000 |
712 |
750,000 |
3,187 |
| 200,000 |
950 |
800,000 |
3,375 |
| 250,000 |
1,187 |
850,000 |
3,562 |
| 300,000 |
1,400 |
900,000 |
3,750 |
| 350,000 |
1,612 |
950,000 |
3,937 |
| 400,000 |
1,825 |
1,000,000 |
4,125 |
| 450,000 |
2,037 |
1,100,000 |
4,450 |
| 500,000 |
2,250 |
1,200,000 |
4,775 |
| 550,000 |
2,437 |
1,300,000 |
5,100 |
| 600,000 |
2,625 |
1,400,000 |
5,425 |
| 650,000 |
2,812 |
1,500,000 |
5,750 |
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| Maryland
| Contract Price |
Approx. Premium |
Contract Price |
Approx. Premium |
| $100,000 |
$350 |
$700,000 |
$2,125 |
| 150,000 |
525 |
750,000 |
2,250 |
| 200,000 |
700 |
800,000 |
2,375 |
| 250,000 |
875 |
850,000 |
2,500 |
| 300,000 |
1025 |
900,000 |
2,625 |
| 350,000 |
1,175 |
950,000 |
2,750 |
| 400,000 |
1,325 |
1,000,000 |
2,875 |
| 450,000 |
1,475 |
1,100,000 |
3,075 |
| 500,000 |
1,625 |
1,200,000 |
3,275 |
| 550,000 |
1,750 |
1,300,000 |
3,475 |
| 600,000 |
1,875 |
1,400,000 |
3,675 |
| 650,000 |
2,000 |
1,500,000 |
3,875 |
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
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