Informational Costs For Closing
If you should have any concerns please feel free to contact us. We are here to answer your questions!
The following is provided to use as a reference sheet for any inquiries you may have about the title commitment and/or your closing.
| For Sales (Loan) | ||
|---|---|---|
| Seller | Buyer | |
| Title Insurance | Select Insurance Amount Above | $250.00 |
| Escrow Closing | $250.00 | $250.00 |
| Closing Protection Letter Fee | $50.00 | $50.00 |
| Deed Preparation | $60.00 | |
| Search Fee | $125.00 | |
| Transfer Taxes | Based on the sales price; $1.50 per thousand | |
| Email Loan Document Fee | $25.00 | |
| State of Illinois Policy Fee | $3.00 | $3.00 |
| Overnight Delivery Service Fee | $20.00 | |
| Results: | ||
| For Sales (Cash) | ||
|---|---|---|
| Seller | Buyer | |
| Title Insurance | Select Insurance Amount Above | $175.00 |
| Escrow Closing | $250.00 | $250.00 |
| Closing Protection Letter Fee | $50.00 | $25.00 |
| Deed Preparation | $60.00 | |
| Search Fee | $125.00 | |
| Transfer Taxes | Based on the sales price; $1.50 per thousand | |
| State of Illinois Policy Fee | $0.00 | $3.00 (no charge for cash transactions) |
| Results: | ||
| For Refinances | |
|---|---|
| Borrower | |
| Title Insurance | See 'Special Rate for Refinances' rate table below |
| Escrow Closing | $250.00 |
| Closing Protection Letter Fee | $75.00 |
| Email Loan Documents Fee | $25.00 |
| State of Illinois Policy Fee | $3.00 |
| Overnight Delivery Service Fee | $20.00 |
| Results: | |
Abstracts & Titles, Inc. does not charge for incoming or outgoing wire transfers or notary services. These costs are based on a typical transaction. Fees can change subject to the title search and/or other unexpected factors within the transaction.
| Special Rates for Refinances | |
|---|---|
| Mortgage up to $120000.00 | $130.00 PLUS $1.00 per thousand (i.e. a loan amount of $120000.00 would be $120.00 + $130.00 = $250.00) |
| $121000.00 to $250000.00 | $250.00 flat rate |
| $251000.00 to $500000.00 | $1.00 per thousand (i.e. a loan amount of $251000.00 = $251.00) |
| Recording Fees | ||
|---|---|---|
| Warranty Deed | $70.00 | $55.00 |
| Mortgage | $70.00 | $55.00 |
| Release of Lien/Mortgage | $70.00 | $55.00 |