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:

                                            Borrower                         Seller

Title Items:

Settlement fee                          $300                              $300

Abstractor Fee (plus copies)      $255                              n/a

Owners Title Insurance -- DC     $5.70/1000 See Chart below

                                   -- MD    $4.20/1000 See Chart below

Lender Title Insurance  -- DC     $4.50/1000 

                                  --  MD    $3.00/1000

Binder Fee                               $50

Title Examination                      $100

Notary Public                           $ 20                               $10

Release Fee                            $95/each

Multiple payoffs (refis)              $20/each

Title Clearance, if necessary                                           $295/hr.

District of Columbia Fees*

DC Transfer Tax                                                            1.1%

DC Recordation Tax                 1.1%

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

*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.

Miscellaneous fees if applicable:

Surveyor                                  $195                              n/a

Termite Inspection                     $50

Wire/Courier/Overnight              $95                               $95

Approximate Title Insurance Premium For Top of the Line Enhanced Policy.  Substantial Re-issue and Substitution Rate discounts up to 40% are often available with copy of prior title insurance policy.

District of Columbia