Salisbury & McLister (301) 694-7235

Estimated Settlement Fees

Additional Fees if Required:

Deed Recording $60

Deed of Trust $60

House Location Survey $160 ($190 if outside of Frederick County)

Additional Mortgage Releases $95 per Release

Lender’s Title Insurance (Add this to Line 1101-Title Services Fee)

Loan Amount                         Cost per $1,000 of Loan Amount

The first $250,000………………………………………$2.78/$1,000

The next $250,000 and up to $500,000, add……………$2.21/$1,000

The next $500,000 and up to $1,000,000, add……….....$1.94/$1,000

The next $1,000,000 and up to $5,000,000, add………..$1.68/$1,000

Example: $300,000 loan

The first $250,000 of the loan amount is calculated 250x $2.78=$695 title premium

Then, the next $50,000 of the loan amount is calculated: 50x$2.21=$110 title premium

And the two title premiums together for the $300,000 loan amount ($695 + $110=$805 lenders title insurance)

 Purchases

Rates for Owner’s Advantage Residential Title Insurance (add this to line 1103)

The first $250,000 of sales price…………………$4.67

The next $250,000 and up to$500,000 add………$3.97

Over $500,000 and up to $1,000,000 add………..$3.34

Example: $400,000 sales price with owner occupied residential purchase $300,000 loan amount

The first $250,000 of the sales price is calculated $250 x $4.67 = $1,167.50

The next $150,000 of the sales price is calculated $150 x $3.97 = $595.50

The 2 owners’ and title premiums are added together:

$1,167.50 & $595.50 plus $50 simultaneous = $1,813.

The amount that goes on line 1103 (owner’s title insurance) is $1,813 minus the loan policy amount $805 (from line 1101) = $1,008 for Owners Advantage Residential Title Insurance on line 1103