STANDARD FEES - RESIDENTIAL CLOSING
PURCHASE OR REFINANCE
Using the new GFE/HUD for 2010
Settlement Fee GFE4 $395 - The new GFE and HUD-1 require all title, closing and attorney
costs to be combined. Therefore, we have combined all of our fees into one "Settlement Fee" of $395.
This will cover all costs and fees that we would normally charge in our representation of the lender, including: attorney
fees, title examination fees, courier charges, document preparation, tax report charges, post closing fees, overnight deliver
charges, title commitment, postage charges, etc.
On a Purchase: $395
(Settlement fee) + $100 (lender's title insurance - simultaneous issue discount*)
On a Refinance: $395
(Settlement fee) + lenders title insurance
Lenders policy rates: $2.00/$1,000 plus $ 50.00 based on loan amount.
*Simultaneous issue rate: Lenders policy is $100
when issued at the same time as an Owners Policy.
All
Title Insurance Rates are as Published and Required by Fidelity National Insurance Company
Owners
Title Insurance GFE 5
Owners
policy rates: $3.60/$1,000 plus $ 60.00 based on purchase price.
Recording Charges GFE 7 We suggest using $100 as an estimate since recording amounts vary on each transaction. The final
HUD-1 will reflect the actual cost to record the documents.
Transfer and Intangible Taxes GFE 8
$1.00/$1,000, or fraction thereof, based on the purchase price for the transfer tax
$1.50/$500, or fraction thereof, based on the loan amount for the intangible
tax.
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