Settlement fees

Comparing rates and services among title companies is the best way to save money on closing costs. To make this easier for consumers, the Real Estate Settlement Procedure Act requires all title companies to disclose their fees as a lump sum under. Know your total costs up front with a Quick Quote.

† Federal Title charges $750 for refinance transactions.

The following services are included:

Please note: The lump sum does not include the following services, as these are additional services not required for all transactions.

1. Location survey*^

* Only required for single family homes
^ Survey prices may vary with location

A location survey may be required by your lender. Cost is $225 in DC, $225 in Maryland and $360 in Virginia.

2. Simultaneous 2nd Trust settlement fee

An additional fee of $300 applies if you obtain a second mortgage (i.e., home equity line of credit) simultaneously with your transaction.

† Prices applicable to Montgomery County, MD; Prince George's County, MD; Arlington County, VA; Fairfax County, VA; City of Alexandria, VA and the District of Columbia. All other jurisdictions, please use our Quick Quote.

Settlement fees are fixed, meaning they will not change regardless of the purchase price of your home, but they are not the only fees associated with closing costs.

In addition to settlement fees, consumers must also pay transfer & recordation taxes (buyer & seller, respectively) and a title insurance policy premium. These costs are variable, dependent on the purchase price of your home.

It should also be noted that it's unlawful for a seller to require a buyer, as a condition of sale, to purchase title insurance from a particular title insurance company. Quite the contrary, buyers have the right to choose what title company handles their closing.

We encourage you to grab a Quick Quote for an accurate and anonymous estimate of how much money you will need to bring to the closing table.