| |
Your settlement
costs are broken down into the following categories.
|
Settlement
Fee, Document Preparation
and Title Insurance
|
Settlement
Fee
(Includes title exam) |
375.00
|
| Document
Preparation |
50.00
/ document
|
| Title
Insurance - Owner's Policy |
3.50
per 1,000
of purchase price
|
Title
Insurance - Lender's Policy
(issued with purchase of Owner's Policy) |
35.00
|
| Title
Insurance - Lender's Policy Only |
2.50
per 1,000
of loan amount
|
| Abstract
Fee - Refinances |
100.00
|
| Transfer
and Recording Costs |
Caroline
County |
$10
per $1000 of purchase price |
Dorchester
County |
$10
per $1000 of purchase price
Transfer Tax .75% of purchase price |
Kent
County |
1.66%
of purchase price |
Talbot
County |
2.16%
of purchase price |
Queen
Anne’s
County |
1.66%
of purchase price |
Lender’s fees
A mortgage lender’s fees vary according to each lending company’s
policies and buyer’s circumstances. The lender will provide your
title company with the exact expenses prior to settlement to be figured
into the final closing cost schedule.
Back
to Top
©2005,
Eastern Shore Title Company
|
