Title Insurance Calculator: I’m Buying

I'm Buying Title Calculator I’m Selling Title Calculator I’m Refinancing Title Calculator
Fee #1 – Settlement Fee a/k/a Closing Services (This is the Fee title companies charge for their labor in preparing documents and conducting the closing)
Settlement Fee a/k/a Closing Services
$
Fee #2 - Owner’s Title Insurance Policy (Price is set by the State of Florida)
Insured Amount (Fill in Property’s Purchase Price)
$
$0 to $100,000: $5.75 per $1000 (min $100) $
$100,000 to $1 million: $5.00 per $1000 $
$1 million to $5 million: $2.50 per $1000 $
$5 million to $10 million: $2.25 per $1000 $
$10 million: $2.00 per $1000 $
OWNER'S Title Insurance Policy $

Fee #3 - Lender's Title Insurance Policy (Only if getting a loan, click here)

Lender's Title Insurance Policy (Base Fee)

$800.00

Sometimes Lenders ask to add “Endorsements” (i.e. additional coverage).
Check box(es) below only if Lender asks for Endorsement(s) :

ALTA 4.1 Condo ($25) (OP/LP)
$
ALTA 5.1 PUD ($25) (OP/LP)
$
ALTA 6.0 Negotiable Rate Mortgage ($25) (LP)
$
ALTA 6.1 Variable Rate Mortgage ($25) (LP)
$
ALTA 6.2 Neg. Amoritzation Mortgage ($25) (LP)
$
ALTA 7.0 Manufactured Housing ($25) (OP/LP)
$
ALTA 8.1 Environmental Protection Liens ($25) (LP)
$
Florida Form 9 (10% of Insurance Rate) (LP)
$
Florida Form 9.1 (10% of Insurance Rate) (vacant land) (OP)
$
Florida Form 9.2 (10% of Insurance Rate) (improved land) (OP)
$
Navigational Servitude (10% of Insurance rate) (water front) (OP/LP)
$

ESTIMATED TOTAL = Fee #1 + Fee#2 + Fee #3. (i.e. Settlement Fee + Title Insurance Policies)

Estimated Total
$

Don’t be a victim of Bait & Switch! Junk Fees MANY title Companies charge at the end but WE NEVER CHARGE!

NO Wire Fees $0.00
NO Fed/Ex, DHL, Courier, DHL, Overnight shipping $0.00
NO Archiving, Warehousing, Storage, DVD, Thumbdrive, Document Retention $0.00
NO Notary fee (if using our in-house Notary) $0.00
NO Telephone, Fax, Long distance, Scanning $0.00
NO Escrow Service Fee $0.00
NO Recording Service Fee $0.00
NO Up-Charges to Title Commitments, Lien Searches or HOA estoppels $0.00
NO Title Updates or Recertification Fees (for “insuring the gap”) $0.00
NO Obtaining Mortgage Satisfactions Fee $0.00

* Documentary stamp tax on Deeds (Seller Expense) (this is not a recording fee). In all Florida counties except Miami-Dade, the tax rate imposed on Deeds (e.g., warranty, special warranty, quit claim, trustee's deed, life estate deed, and even transfers of property between spouses) are subject to tax is $0.70 on each $100.00 or portion thereof of the total consideration. But in Miami-Dade County the tax rate is $0.60 cents on each $100 or portion thereof. Miami-Dade County also has a surtax of $0.45 cents on each $100 or portion thereof however single-family dwellings are exempt from the surtax. For example, a Broward County property that sells for $180,000 would = $1,260.00 in documentary stamp taxes (1800 is the number of taxable units representing each $100 or portion thereof of the consideration of $180,000 multiplied by (x) $0.70 = $1,260.00). See, Fla. Stat. §201.02(1)(a), §201.031

** Recording Fee (Buyer Expense) $10.00 for the First (1st) Page plus $8.50 for each additional page. See, Fla. Stat. §28.24(12)(a,b,d,e), §24.222(3)(a). Additional $4.50 for electronic submission fee.

*** Intangible tax on promissory note (Buyer Expense) of $0.002 per one dollar $1.00 of notes secured by a mortgage. For example on $180,000.00 the intangible tax = $360.00. See, Fla. Stat. §199.133.

**** Documentary stamp tax on Mortgages (Buyer Expense), are taxed based on the full amount of the indebtedness regardless of whether it is contingent or absolute, at the rate of tax is $0.35 cents per $100 or portion thereof. There is no cap on the amount of tax due. See, Fla. Stat. §201.08(1)(b)

***** Documentary stamp tax on Promissory notes (Buyer Expense) are taxed at the rate of $0.35 cents per $100 or portion thereof; which is capped at $2,450. See, Fla. Stat. §201.08(1)(a)

Limitation of Liability for On-Line Calculator The fees produced herein are for informational purposes only based on general circumstances and are provided as-is with all warranties, express and implied, being expressly disclaimed (including but not limited to the disclaimer of any implied warranties of merchantability and fitness for a particular purpose). The quote herein may contain errors, inaccuracies or other limitations based on real life situations and in no event will FTIC be liable for indirect, special, incidental or consequential damages incurred. Please check directly with FTIC for a personalized quote.