Buyer Title Fees 101

DESCRIPTION

EXPLANATION

CLOSING FEE

PAID TO INTEGRITY TITLE GROUP
Covers the costs associated with processing the title order, clearing all title requirements and closing the transaction. All shipping, handling, warehousing, courier, overnight express and wire fees have been incorporated into the closing fee.
$300.00

SEARCH FEE

PAID TO THE TITLE SEARCHER
Typically Paid by the Seller. ($75.00)

SHIPPING, HANDLING, COURIER, WAREHOUSING, WIRE, DOC PREP, WIRE AND OVERNIGHT EXPRESS FEES

Integrity Title Group does not charge these fees as we have already incorporated the cost of these items into the buyer’s $300.00 closing fee.

LENDER’S TITLE INSURANCE POLICY

PAID TO THE TITLE INS. UNDERWRITER & INTEGRITY TITLE GROUP
This policy covers the Lender only and not the owner. The underwriter receives 30% of the premium charged and the title agency receives 70% of the premium charged.
$25.00

ALTA 8.1 (ENVIROMENTAL) ENDORSEMENT

ALTA 5.1 (PLANNED UNIT DEVELOPMENT)
ENDORSEMENT

ALTA 4.1 (CONDOMINIUM) ENDORSEMENT

PAID TO THE TITLE INS. UNDERWRITER & INTEGRITY TITLE GROUP
The underwriter receives 30% of the premium charged and the title agency receives 70% of the premium charged.
$25.00 for each endorsement required by the lender.

FLORIDA FORM 9 (SURVEY) ENDORSEMENT

PAID TO THE TITLE INS. UNDERWRITER & INTEGRITY TITLE GROUP
The underwriter receives 30% of the premium charged and the title agency receives 70% of the premium charged. This fee is calculated by taking the Owner’s Title Insurance Policy Premium, adding $25.00 and multiplying that total by 10%
10% of the Owner’s and Lender’s Policy Premium

DOCUMENTARY STAMPS ON MORTGAGE
INTANGIBLE TAX

PAID TO STATE OF FLORIDA – DEPARTMENT OF REVENUE
.0035 x Loan Amount
PAID TO STATE OF FLORIDA – DEPARTMENT OF REVENUE
.0020 x Loan Amount

RECORDING FEES

PAID TO THE CLERK OF COURTS
Recording Fees are $10.00 for the 1st page of each document and $8.50 for each page thereafter.