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Pennsylvania Title Insurance & Closing
Cost Calculator |
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Assumptions |
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Selling price of property |
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Mortgage Amount |
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Choose PA County |
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Choose the PA County.
If you see the county sub-division, choose it. This choice will
will determine the Pennsylvania deed transfer tax. |
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Transfer & Recordation Tax |
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DEED TRANSFER TAX |
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BUYER |
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SELLER |
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PA State Deed Transfer Tax |
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Local & School Deed Transfer Tax |
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Total Transfer Tax Cost |
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Transfer taxes are customarily split
50/50 between Buyer & Seller; although dictated by sales contract.
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Title Insurance |
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Policy Type |
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Owners & Loan Policy
New Construction
CRA | PHFA
Owners Policy Only
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Reissue Rate? |
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Owners Policy |
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Lenders Policy |
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Total Tile Insurance Cost |
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Additional Premium for Enhanced Coverage |
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Basic Coverage:
Most buyers obtain Basic Coverage. |
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Choose Owners Policy
for title insurance without lender (loan) coverage. Remove loan
amount. |
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Choose CRA | PHFA
for loans that meet HUDs definition for CRA (i.e. income limits,
low to moderate areas, etc.). Certain loans that meet the guidelines
with the Pennsylvania Housing Finance Agency (PHFA)
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Reissue Rate?
- A 10% reduction in premium is avaliable if the existing Owners
title insurance policy is less than 10 years at settlement and the
policy is provided to the title insurance company. |
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Pennsylvania home buyers typically
pay the title insurance policy in full |
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Title Insurance Endorsements |
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PA - 100 (Restrictions, Encroachments) |
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PA - 300 (Survey Endorsement) |
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PA - 900 (Enviromental Protection) |
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PA - 820 (PUD) |
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PA - 810 (Condominium) |
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PA - 710 (Variable Rate Endorsement) |
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Enhanced Coverage Endorsement |
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Closing Protection Letter |
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Total Endorsement Cost |
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Enhanced Coverage Endorsements include:
100, 300, 900, 820, 810, 710 & 1030
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GFE BLOCKS |
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Title services and lenders title insurance
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GFE #4 |
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Owner's Title Insurance |
GFE #5 |
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Transfer Taxes |
GFE #8 |
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Government Recording Charges |
GFE #7 |
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Title Charges |
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BUYER |
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SELLER |
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| 1101 |
Title services and lenders title insurance
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| 1102 |
Settlement or closing fee |
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Title Insurance |
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| 1103 |
Owners title insurance |
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| 1104 |
Lenders title insurance |
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| 1105 |
Lenders title policy limit |
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| 1106 |
Owners title policy limit |
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| 1107 |
Agents title insurance premium |
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| 1108 |
Underwriters title insurance premium
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| 1109 |
Document Preparation |
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| 1110 |
Over Night Courier (per mortgage) |
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| 1111 |
Notary |
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| 1112 |
Tax Certification Fee |
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| 1113 |
Release and Tracking Fee (per mortgage) |
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| 1114 |
Final water and sewage (per unit) |
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| 1115 |
Closing Protection Letter |
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| 1116 |
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| 1117 |
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Title Endorsements |
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| 1118 |
PA - 100 (Restrictions, Encroachments) |
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| 1119 |
PA - 300 (Survey Endorsement) |
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| 1120 |
PA - 900 (Enviromental Protection) |
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| 1121 |
PA - 820 (PUD) |
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| 1122 |
PA - 810 (Condominium) |
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| 1123 |
PA - 710 (Variable Rate Endorsement) |
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| 1124 |
Enhanced Coverage Endorsement |
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| 1125 |
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| 1126 |
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| 1127 |
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| 1200 |
Government Recording and Transfer
Charges |
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| 1201 |
Government recording charges |
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| 1202 |
Deed (4 pages) |
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Mortgage (20 pages) |
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Power of Attorney (est. $30) |
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| 1205 |
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| 1206 |
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| 1207 |
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| 1300 |
Additional Settlement Charges |
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| 1301 |
Required services that you can shop for |
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| 1302 |
Home Warranty |
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| 1303 |
Pest Inspection |
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| 1304 |
Survey |
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| 1305 |
Well |
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| 1306 |
Septic |
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| 1307 |
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| 1308 |
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TOTAL CLOSING COSTS |
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This calculator is made available
to you as a self-help tool for illustrative use only. Examples are
hypothetical. We can not and do not guarantee the applicability
or accuracy in regards to your individual circumstances. Please
call Quaint Oak Abstract for a guaranteed quote.
Copyright © 2011,William A. MacDonald All rights reserved |
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