Closing & Title Charges
July 1, 2011

Closing Fee

$200.00   Purchase for Buyer

$  75.00    Seller 

$200.00   Seller Side Only

$125.00   Refinance

$250.00   Witness Closing

$150.00   Buyer charge for Cash or C4D

$  75.00   2^nd Mtg. Closing

Title/Closing Services

 $  40.00     Name/Judgment Search Service Fee

$  50.00     Assessment Search Service Fee (Includes Foreclosure Search if Applicable)

$  90.00     Plat Drawing/Location Report & Review Service Fee

$100.00     Document Preparation  (Seller Deed Pkg.)

$150.00     Document Preparation (Contract for Deed, CRV, Septic Cert. & Well Disclosure, if applicable)
$  25.00     Document Preparation (QCD, POA, Aff’s, etc.)

$150.00     Exam Fee

$  30.00     Courier Service Fee (per package)

$  30.00     Wire Service Fee (per wire)

Abstracting/Title

Title Insurance Premium(s)

Lenders Title Insurance (based on loan amount)

$100.00 flat rate $1,000.00 to $33,000.00

$3.00/per $1,000.00  $  33,000.01 up to $   250,000.00             

$1.75/per $1,000.00  $250,000.01 up to $   500,000.00

$1.50/per $1,000.00  $500,000.01 up to $1,000,000.00

Over $1,000,000.00 please contact us.

Refinance premium rates (based on loan amount)

$100.00 flat rate $1,000.00 to $50,000.00

$2.00/per $1,000.00  $  50,000.01 up to $   250,000.00

$1.25/per $1,000.00  $250,000.01 up to $   500,000.00

$1.00/per $1,000.00  $500,000.01 up to $1,000,000.00

Over $1,000,000.00 please contact us

Owners Title Insurance (based on purchase price)

$100.00 flat rate $1,000.00 to $30,000.00

$3.25/per $1,000.00  $  30,000.01 up to $   250,000.00

$2.00/per $1,000.00  $250,000.01 up to $   500,000.00

$1.75/per $1,000.00  $500,000.01 up to $1,000,000.00

Over $1,000,000.00 please contact us.

Simultaneous Policy            $100.00

$1.75/per $1,000.00            Jr. Title Insurance Policy

Endorsements  (Please contact us for fee(s))

$150.00  Date Down Endorsement

Please call for quotes on other title insurance products.

Construction/Disbursing Charges

$  75.00       Disbursing Fee at signing of Construction Loan Documents and $75.00 per draw thereafter to be included in each draw request

$100.00     Priority Inspections/Pictures (out of area may need to be quoted)

(Document Walk Through for Recording is included in Priority Inspection unless Documents need to be overnighted to an out of area County, then Courier Service Charge will apply)

$150.00     Modification Processing on End Loan Closing (no additional charges at the time the construction loans documents are signed)

Commercial Closing Charges

$275.00    Closing Fee – Refinance

$250.00    Closing Fee – Buyer Purchase

$250.00    Closing Fee – Seller

$225.00    Examination Fee

$125.00    Document Preparation

$ 50.00     Document Walk Through Fee (add’l cost for Metro area)

$125.00    Plat Drawing/Location Report

$ 50.00     Name/Judgment Search

$ 50.00     Assessment Search

Endorsement charges to be determined upon review.

Seller Side Only

$200    Closing Fee

$100    Deed Pkg. (Deed, CRV, Septic Certification (if applicable)
$150    Contract for Deed Pkg. (C4D, CRV, Septic Certification (if applicable)
$  25    For each additional document needed

Note:  See County Fees for State Deed Tax and Recording Fees.

Buyer Costs for Cash or Contract for Deed

$150    Closing Fee

$150    Exam Fee

$  40    Name Search

$  50    Assessment Search

$  90    Plat Drawing/Property Inspection

$  30    Wire Fee (1)

$250    Abstracting/Title Search

Note:  Owner’s TI Policy see Rate Calculator.

County Recording Fees:

$46.00 recording fee per document

$50.00  Well Disclosure

Mortgage Registration Tax (MRT) for all Counties:

$2.30 / per Thousand

Example:  $125,000.00 x $.0023 = $287.50

State Deed Tax (SDT) for all Counties:

$3.30 / per Thousand

Example:  $130,000.00 x $.0033 = $429.00

Conservation Fee:

$5.00 per taxed document

Note:   This fee only applies to Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Waseca,  Washington, Winona & Wright counties.

Copyright 2011, Quarry Title & Closing, LLC