The following fees are provided as an estimate only.  Your particular situation may require additional or different fees to be charged.  Please contact us to discuss your sale or refinance.

The following is a list of fees and expenses which Friendship Title, Inc. charges to the seller at settlement:
 

•  Settlement fee of $200, which includes our services to pay off and release one mortgage.  We will charge $75 for each additional mortgage to be paid off.
• Courier expense of $25 for the expedited delivery of each mortgage payoff.
• Document preparation of $75.00.
• $50 release preparation and recording for each mortgage payoff.
• Any transfer or recording taxes which you agreed to pay under the sales contract.
• Any other amounts which you agreed to pay under the sales contract, such as loan fees, on behalf of the purchaser.
• Real estate commission, if applicable.
• Water escrow of at least $300 (except for condominiums when water is included in the condominium fee).

The following is an estimate of fees and expenses which Friendship Title, Inc. charges to the buyer at settlement:

 Settlement Company Fees and Expenses

• settlement fee $ 250.00
• abstract or title search     (estimate) $ 250.00
• title examination $ 45.00
• title insurance binder $ 35.00
• copies/fax fee $ 25.00
• notary fee $ 10.00
• document preparation $ 75.00
• courier/express mail (for pickup/delivery of lender’s settlement papers and delivery of documents to courthouse) (estimate) $ 75.00
• house location survey   (lender requirement)  (estimate) $ 200.00
• boundary survey ( optional)   (estimate) $ 1,000.00

Title Insurance. The premium is an estimate based upon a simultaneous issue of both an owner’s and lender’s title insurance policy.  Substitution (reduced) rate may be available, based upon your loan amount, and the age of the Seller's owner's and lender's title insurance policies.  Please contact us for more information.

Lender’s title insurance is required by your lender and based on the loan amount.
Owner’s title insurance is optional, and the premium is based on the sale price.

Lender Charges.  All lender fees, including escrows for taxes and insurance, and interest from the date of settlement to the end of the month.  (refer to the good faith estimate given to you by your lender)
Other Settlement Costs (where applicable)

 •  real estate taxes and adjustment of taxes between purchaser and seller
 •  condominium or homeowner association fees and adjustment of those fees between purchaser and seller
 •  recording fees (to record a deed and deed of trust)
 •  city/state transfer taxes
 •  city/state recordation taxes
 •  country transfer taxes
 

        The following is a list of fees and expenses which Friendship Title, Inc. charges at settlement for a refinance:

• Settlement fee of $250, which includes our services to pay off and release one mortgage.  We will charge $75 for each additional mortgage to be paid off.
• Abstract or title update of approximately $100 (MD & VA) $250 ( DC). 
• Title examination of $45.00
• Title insurance binder fee of $35.
• Notary fee of $10.
• Document preparation of $75.00
• Copies/FAX fee of $25.00.
• Title insurance premium.  Lender’s title insurance is required by your lender.  The premium is based upon the amount of your mortgage loan.  Substitution (reduced) rate may be available, based upon the new loan amount, and the age and balance of loan being paid off.  Please contact us for more information.
• Courier expenses.  The Courier/Federal Express expenses are for picking up and delivering your lender’s settlement papers and for delivering the deed of trust for recording in the land records and are estimated to be $75.
• Escrow for taxes and homeowner’s insurance, if required by lender.
• House location survey (approximately $140) if required by lender.
• Recording fees.  Release preparation and recording fees of $50 per release.  If a subordination agreement is to be recorded, the recording fee is approximately $40, depending on the jurisdiction.
• Recordation taxes.  An estimate will be provided, based on the new loan amount, balance of loan being paid off, and usage of property (principal residence or investment).