Virtual Law Offices of Michael H. Wasserman - Title Insurance Rates
| The Virtual Law Offices of Michael H.
Wasserman |
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CLOSINGS: TITLE INSURANCE RATES
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REAL ESTATE
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Title Insurance is bought and paid for at the time of the closing. Typically, a
seller purchases an "Owners Policy" to assure and protect the buyer
and the buyer in turn purchases a "Lenders Policy" to assure and
protect the mortgage companies. The lenders often require special additions to
the loan policies known as "title endorsements." The title companies
all charge an additional fee to cover the expenses of supervising the closing
process. When the lender insists on an escrow closing, the buyer usually pays
the closing fee. Where the parties request the escrow, the fee is usually
shared. Ultimately the contracts tend to dictate who pays for what and the
title companies determine what it will all cost. Here are sone typical charges
you might expect to pay:.
| RESIDENTIAL
(AGENCY) CLOSING ESCROW FEES |
Policy Amount
(effective date) |
PNTN
(10/10/05) |
CTIC
(2/1/07) |
1st American
(3/1/07) |
ATG
(6/1/04) |
Greater Illinois
(6/17/07) |
Lawyers Title
(4/1/07) |
Near North National Title
(1/1/02) |
Prairie Title
(7/1/06) |
Republic Title
(1/7/02) |
Specialty
Title
(7/1/06) |
Stewart
(9/1/04) |
1st Suburban
(6/15/02) |
TICOR
(6/1/07) |
Metropolitan Title Company
(6/15/03) |
| 100,000.00 |
400.00 |
450.00 |
450.00 |
325.00 |
495.00 |
430.00 |
275.00 |
425.00 |
225.00 |
425.00 |
325.00.00 |
set by |
450.00 |
300.00 |
| 150,000.00 |
460.00 |
500.00 |
500.00 |
375.00 |
Up to 535.00 |
480.00 |
275.00 |
485.00 |
275.00 |
485.00 |
375.00 |
underwriter |
500.00 |
350.00 |
| 200,000.00 |
500.00 |
550.00 |
550.00 |
415.00 |
Up to 575.00 |
530.00 |
Up to
300.00 |
525.00 |
315.00 |
525.00 |
415.00 |
(either |
550.00 |
390.00 |
| 250,000.00 |
520.00 |
600.00 |
575.00 |
435.00 |
Up to 615.00 |
580.00 |
Up to
325.00 |
545.00 |
335.00 |
545.00 |
435.00 |
Steawart |
600.00 |
410.00 |
| 300,000.00 |
535.00 |
650.00 |
625.00 |
450.00 |
Up to 655.00 |
630.00 |
Up to 350.00 |
560.00 |
350.00 |
560.00 |
450.00 |
or |
650.00 |
425.00 |
| 300-500K |
610.00 |
700.00 |
675.00 |
525.00 |
|
680.00 |
|
635.00 |
|
635.00 |
525.00 |
|
700.00 |
500.00 |
| each adtl. 50K |
35.00 |
50.00 |
5000 |
25.00 |
.80 per $1,000 |
35.00 |
.50 per $1,000 |
25.00 |
10.00 |
35.00 |
.25 per $1,000 |
ATGF) |
35.00 |
.50 per $1,000 |
| CASH DEALS |
270.00 min |
300.00 min |
200.00 min |
|
495.00
min. |
|
275.00 min. |
200.00
min |
225.00 |
|
200.00 min. |
|
250.00 min |
175.00 min. |
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NOTE:These rates are based on the most recently available "card
rates" of the listed companies and are not guaranteed. Title Premium
charges change (increase) from time to time. On the other hand, your title
agent may be able/willing to offer a discount in some (but not all)
situations.
| TITLE INSURANCE RATES -
OWNERS POLICIES |
| AMOUNT OF INSURANCE for SALE
PRICE UP TO: |
PNTN
(10/10/05) |
CTIC
(2/1/07) |
1st American
(3/1/07) |
ATG
(6/1/04) |
Greater Illinois
(6/1/07) |
Lawyers Title
(4/1/07) |
Near North National Title
(1/1/02) |
Prairie Title
(7/1/06) |
Republic Title
(5/1/04) |
Specialty
Title
(7/1/06)
(+ $175 abstraction fee) |
Stewart
(9/1/04) |
1st Suburban
(6/15/02) |
Ticor
(6/1/07) |
Metropolitan Title Company
(6/15/03) |
| $100,000.00 |
765.00 |
825.00 |
825.00 |
695.00 |
925.00 |
820.00 |
550.00 |
815.00 |
670.00 |
640.00 |
625.00 |
580.00 |
825.00 |
620.00 |
| $110,000.00 |
780.00 |
845.00 |
845.00 |
710.00 |
945.00 |
835.00 |
564.00 |
830.00 |
685.00 |
655.00 |
640.00 |
602.00 |
845.00 |
635.00 |
| $120,000.00 |
795.00 |
865.00 |
865.00 |
725.00 |
965.00 |
850.00 |
578.00 |
845.00 |
700.00 |
670.00 |
655.00 |
614.00 |
865.00 |
650.00 |
| $130,000.00 |
810.00 |
88500 |
885.00 |
740.00 |
985.00 |
865.00 |
592.00 |
860.00 |
715.00 |
685.00 |
670.00 |
626.00 |
885.00 |
665.00 |
| $140,000.00 |
825.00 |
905.00 |
905.00 |
755.00 |
1,005.00 |
880.00 |
606.00 |
875.00 |
730.00 |
700.00 |
685.00 |
640.00 |
905.00 |
680.00 |
| $150,000.00 |
840.00 |
925.00 |
925.00 |
770.00 |
1,025.00 |
895.00 |
620.00 |
890.00 |
745.00 |
715.00 |
700.00 |
652.00 |
925.00 |
695.00 |
| $160,000.00 |
855.00 |
945.00 |
945.00 |
785.00 |
1,045.00 |
910.00 |
635.00 |
905.00 |
760.00 |
730.00 |
715.00 |
664.00 |
945.00 |
710.00 |
| $170,000.00 |
870.00 |
965.00 |
965.00 |
800.00 |
1,065.00 |
925.00 |
649.00 |
920.00 |
775.00 |
745.00 |
730.00 |
684.00 |
965.00 |
725.00 |
| $180,000.00 |
885.00 |
985.00 |
985.00 |
815.00 |
1,085.00 |
940.00 |
663.00 |
935.00 |
790.00 |
760.00 |
745.00 |
696.00 |
985.00 |
740.00 |
| $190,000.00 |
900.00 |
1,005.00 |
1,005.00 |
830.00 |
1,105.00 |
955.00 |
677.00 |
950.00 |
805.00 |
775.00 |
760.00 |
708.00 |
1,005.00 |
755.00 |
| $200,000.00 |
915.00 |
1,025.00 |
1,025.00 |
845.00 |
1,125.00 |
970.00 |
690.00 |
965.00 |
820.00 |
790.00 |
775.00 |
720.00 |
1,025.00 |
770.00 |
| $210,000.00 |
930.00 |
1,045.00 |
1,045.00 |
860.00 |
1,145.00 |
985.00 |
702.00 |
980.00 |
835.00 |
805.00 |
790.00 |
732.50 |
1,045.00 |
785.00 |
| $220,000.00 |
945.00 |
1,065.00 |
1,065.00 |
875.00 |
1,165.00 |
1,000.00 |
714.00 |
995.00 |
850.00 |
820.00 |
805.00 |
745.00 |
1,065.00 |
800.00 |
| $230,000.00 |
960.00 |
1,085.00 |
1,085.00 |
890.00 |
1,185.00 |
1,015.00 |
726.00 |
1,010.00 |
865.00 |
835.00 |
820.00 |
757.45 |
1,085.00 |
815.00 |
| $240,000.00 |
975.00 |
1,105.00 |
1,105.00 |
905.00 |
1,205.00 |
1,030.00 |
738.00 |
1,025.00 |
880.00 |
850.00 |
835.00 |
769.95 |
1,105.00 |
830.00 |
| $250,000.00 |
990.00 |
1,125.00 |
1,125.00 |
920.00 |
1,225.00 |
1,045.00 |
750.00 |
1,040.00 |
895.00 |
865.00 |
850.00 |
782.45 |
1,125.00 |
845.00 |
| $260,000.00 |
1,005.00 |
1,145.00 |
1,145.00 |
935.00 |
1,245.00 |
1,060.00 |
764.00 |
1,055.00 |
910.00 |
880.00 |
865.00 |
794.45 |
1,145.00 |
860.00 |
| $270,000.00 |
1,020.00 |
1,165.00 |
1,165.00 |
950.00 |
1,265.00 |
1,080.00 |
778.00 |
1,070.00 |
925.00 |
895.00 |
880.00 |
806.45 |
1,165.00 |
875.00 |
| $280,000.00 |
1,035.00 |
1,185.00 |
1,185.00 |
965.00 |
1,285.00 |
1,100.00 |
792.00 |
1,085.00 |
940.00 |
910.00 |
895.00 |
818.45 |
1,185.00 |
890.00 |
| $290,000.00 |
1,050.00 |
1,205.00 |
1,205.00 |
980.00 |
1,305.00 |
1,120.00 |
806.00 |
1,100.00 |
955.00 |
925.00 |
910.00 |
830.45 |
1,205.00 |
905.00 |
| $300,00.00 |
1,065.00 |
1,225.00 |
1,225.00 |
995.00 |
1,325.00 |
1,140.00 |
820.00 |
1,115.00 |
970.00 |
940.00 |
925.00 |
842.45 |
1,225.00 |
920.00 |
| $310,000.00 |
1,080.00 |
1,245.00 |
1,245.00 |
1,010.00 |
|
1,160.00 |
|
1,130.00 |
985.00 |
955.00 |
940.00 |
|
1,245.00 |
935.00 |
| $320,000.00 |
1,095.00 |
1,265.00 |
1,265.00 |
1,025.00 |
|
1,180.00 |
|
1,145.00 |
|
970.00 |
955.00 |
|
1,265.00 |
950.00 |
| $330,000.00 |
1,110.00 |
1,285.00 |
1,285.00 |
1,040.00 |
|
1,120.00 |
|
1,160.00 |
|
985.00 |
970.00 |
|
1,285.00 |
965.00 |
| $340,000.00 |
1,125.00 |
1,305.00 |
1,305.00 |
1,055.00 |
|
1,140.00 |
|
1,175.00 |
|
1,000.00 |
985.00 |
|
1,305.00 |
980.00 |
| $350,000.00 |
1,140.00 |
1,325.00 |
1,325.00 |
1,070.00 |
|
1,160.00 |
|
1,190.00 |
|
1,015.00 |
1,000.00 |
|
1,325.00 |
995.00 |
| $360,000.00 |
1,155.00 |
1,345.00 |
1,345.00 |
|
|
1,180.00 |
|
1,205.00 |
|
1,030.00 |
1,015.00 |
|
1,345.00 |
1,010.00 |
| $370,000.00 |
1,170.00 |
1,365.00 |
1,365.00 |
|
|
1,200.00 |
|
1,220.00 |
|
1,045.00 |
1,030.00 |
|
1,365.00 |
1,025.00 |
| $380,000.00 |
1,185.00 |
1,385.00 |
1,385.00 |
|
|
1,220.00 |
|
1,235.00 |
|
1,060.00 |
1,045.00 |
|
1,385.00 |
1,040.00 |
| $390,000.00 |
1,200.00 |
1,405.00 |
1,405.00 |
|
|
1,240.00 |
|
1,250.00 |
|
1,075.00 |
1,060.00 |
|
1,405.00 |
1,055.00 |
| $400,000.00 |
1,215.00 |
1,425.00 |
1,425.00 |
|
|
1,260.00 |
|
1,265.00 |
|
1,090.00 |
1,075.00 |
|
1,425.00 |
1,070.00 |
| $410,000.00 |
1,230.00 |
1,445.00 |
1,445.00 |
|
|
1,280.00 |
|
1,280.00 |
|
1,105.00 |
1,090.00 |
|
1,445.00 |
1,085.00 |
| $420,000.00 |
1,245.00 |
1,465.00 |
1,465.00 |
|
|
1,300.00 |
|
1,295.00 |
|
1,120.00 |
1,105.00 |
|
1,465.00 |
1,100.00 |
| $430,000.00 |
1,260.00 |
1,485.00 |
1,485.00 |
|
|
1,320.00 |
|
1,310.00 |
|
1,135.00 |
1,120.00 |
|
1,485.00 |
1,115.00 |
| $440,000.00 |
1,275.00 |
1,505.00 |
1,505.00 |
|
|
1,340.00 |
|
1,325.00 |
|
1,150.00 |
1,135.00 |
|
1,505.00 |
1,130.00 |
| $450,000.00 |
1,290.00 |
1,525.00 |
1,525.00 |
|
|
1,360.00 |
|
1,340.00 |
|
1,165.00 |
1,150.00 |
|
1,525.00 |
1,145.00 |
| $460,000.00 |
1,305.00 |
1,545.00 |
1,545.00 |
|
|
1,380.00 |
|
1,355.00 |
|
1,180.00 |
1,165.00 |
|
1,545.00 |
1,160.00 |
| $470,000.00 |
1,320.00 |
1,565.00 |
1,565.00 |
|
|
1,400.00 |
|
1,370.00 |
|
1,195.00 |
1,180.00 |
|
1,565.00 |
1,175.00 |
| $480,000.00 |
1,335.00 |
1,585.00 |
1,585.00 |
|
|
1,420.00 |
|
1,385.00 |
|
1,210.00 |
1,195.00 |
|
1,585.00 |
1,190.00 |
| $490,000.00 |
1,350.00 |
1,605.00 |
1,605.00 |
|
|
1,440.00 |
|
1,400.00 |
|
1,225.00 |
1,210.00 |
|
1,605.00 |
1,205.00 |
| $500,000.00 |
1,365.00 |
1,625.00 |
1,625.00 |
|
|
1,460.00 |
|
1,415.00 |
|
1,240.00 |
1,225.00 |
|
1,625.00 |
1,220.00 |
| $510,000.00 |
1,380.00 |
1,645.00 |
1,645.00 |
|
|
1,480.00 |
|
1,430.00 |
|
1,255.00 |
1,240.00 |
|
1,645.00 |
|
| $520,000.00 |
1,395.00 |
1,665.00 |
1,665.00 |
|
|
1,500.00 |
|
1,445.00 |
|
1,270.00 |
1,255.00 |
|
1,665.00 |
|
| $530,000.00 |
1,410.00 |
1,685.00 |
1,685.00 |
|
|
1,520.00 |
|
1,460.00 |
|
1,285.00 |
1,270.00 |
|
1,685.00 |
|
| $540,000.00 |
1,425.00 |
1,705.00 |
1,705.00 |
|
|
1,540.00 |
|
1,475.00 |
|
1,300.00 |
1,285.00 |
|
1,705.00 |
|
| $550,000.00 |
1,440.00 |
1,725.00 |
1,725.00 |
|
|
1,560.00 |
|
1,490.00 |
|
1,315.00 |
1,300.00 |
|
1,725.00 |
|
| $560,000.00 |
1,455.00 |
1,745.00 |
1,745.00 |
|
|
1,580.00 |
|
1,505.00 |
|
1,330.00 |
1,315.00 |
|
1,745.00 |
|
| $570,000.00 |
1,470.00 |
1,765.00 |
1,765.00 |
|
|
1,595.00 |
|
1,520.00 |
|
1,345.00 |
1,330.00 |
|
1,765.00 |
|
| $580,000.00 |
1,485.00 |
1,785.00 |
1,785.00 |
|
|
1,610.00 |
|
1,535.00 |
|
1,360.00 |
1,345.00 |
|
1,785.00 |
|
| $590,000.00 |
1,500.00 |
1,805.00 |
1,805.00 |
|
|
1,625.00 |
|
1,550.00 |
|
1,375.00 |
1,360.00 |
|
1,805.00 |
|
| $600,000.00 |
1,515.00 |
1,825.00 |
1,825.00 |
|
|
1,640.00 |
|
1,565.00 |
|
1,390.00 |
1,375.00 |
|
1,825.00 |
|
| $610,000.00 |
1,530.00 |
1,845.00 |
1,845.00 |
|
|
1,655.00 |
|
1,580.00 |
|
1,405.00 |
1,390.00 |
|
1,845.00 |
|
| $620,000.00 |
1,545.00 |
1,865.00 |
1,865.00 |
|
|
1,670.00 |
|
1,595.00 |
|
1,420.00 |
1,405.00 |
|
1,865.00 |
|
| $630,000.00 |
1,560.00 |
1,885.00 |
1,885.00 |
|
|
1,685.00 |
|
1,610.00 |
|
1,435.00 |
1,420.00 |
|
1,885.00 |
|
| $640,000.00 |
1,575.00 |
1,905.00 |
1,905.00 |
|
|
1,700.00 |
|
1,625.00 |
|
1,450.00 |
1,435.00 |
|
1,905.00 |
|
| $650,000.00 |
1,590.00 |
1,925.00 |
1,925.00 |
|
|
1,715.00 |
|
1,640.00 |
|
1,465.00 |
1,450.00 |
|
1,925.00 |
|
| $660,000.00 |
1,605.00 |
1,945.00 |
1,945.00 |
|
|
1,730.00 |
|
1,655.00 |
|
1,480.00 |
1,465.00 |
|
1,945.00 |
|
| $670,000.00 |
1,620.00 |
1,965.00 |
1,965.00 |
|
|
1,745.00 |
|
1,670.00 |
|
1,495.00 |
1,480.00 |
|
1,965.00 |
|
| $680,000.00 |
1,645.00 |
1,985.00 |
1,985.00 |
|
|
1,760.00 |
|
1,685.00 |
|
1,510.00 |
1,495.00 |
|
1,985.00 |
|
| $690,000.00 |
1,650.00 |
2,005.00 |
2,005.00 |
|
|
1,775.00 |
|
1,700.00 |
|
1,525.00 |
1,510.00 |
|
2,005.00 |
|
| $700,000.00 |
1,665.00 |
2,025.00 |
2,025.00 |
|
|
1,790.00 |
|
1,715.00 |
|
1,540.00 |
1,525.00 |
|
2,025.00 |
|
| each adtl. $1,000 |
1.50 |
1.50 |
1.50 |
1.50 |
2.00
|
1.50 |
1.00
(up to $500,000) |
1.50 |
|
|
1.00 |
1.20 |
1.50 |
1.50 |
| TITLE ENDORSEMENTS |
|
PNTN
(10/10/05) |
CTIC
(2/1/07) |
1stAmerican
(3/1/07) |
ATG
(6/1/04) |
Greater Illinois
(6/1/07) |
Lawyers Title
(4/1/07) |
Near North
National Title
(1/1/02) |
Prairie Title
(7/1/06) |
Republic Title
(1/7/02) |
Specialty Title
(7/1/06) |
Stewart
(9/1/04) |
1st Suburban
(6/15/02) |
TICOR
(6/1/07) |
Metropolitan
Title Company
(6/15/03) |
| BASIC LOAN POLICY |
275.00 |
300.00.00 |
300.00 |
240.00 |
330.00 |
295.00 |
210.00 |
290.00 |
210.00 |
290.00 |
250.00 |
230.00 |
300.00 |
240.00 |
| ARM |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
85.00 |
125.00 |
95.00 |
| Condominium |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
85.00 |
125.00 |
95.00 |
| EPA |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
85.00 |
125.00 |
95.00 |
| Location |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
85.00 |
125.00 |
95.00 |
| Revolving Credit |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
80.00 |
-- |
95.00 |
| PUD |
110.00 |
125.00 |
125.00 |
95.00 |
130.00 |
120.00 |
75.00 |
115.00 |
80.00 |
115.00 |
95.00 |
80.00 |
125.00 |
|
| Title Indemnity |
100.00 |
125.00 |
125.00 |
85-150 |
125.00 |
100.00 |
|
100.00 |
100.00 |
100.00 |
75.00 |
|
125.00 |
85.00 |
PLEASE NOTE: Under our Supreme Court's Rules of Professional Conduct,
these pages might be considered a form of legal advertisement.
Just as important, please bear in mind that the information
provided here is not specific legal advice, and you really shouldn't act on
anything on this site without seeking professional counsel. While I
hope that you do hire me to work for you, merely visiting this web site,
or sending me an email should not (and will not) of itself create an
attorney-client relationship between us. No one should hire a lawyer based
on a visit to a web site or solely on some other form of advertisement. If
and when you want to hire me as your lawyer, and if and when I agree to take on
your case, we will sign a proper contract or I will give you some other type of
written confirmation that we are attorney and client. Until then, please look
around, enjoy yourself, and when you are ready, give me a call or drop me an
e-mail .
 |
CONTACT ME AT::
221 North LaSalle Street, Suite 2040 , Chicago, IL 60601
Voice: 312.726.1512
Fax: 312.873.4043
Email: Mwass@wasserlaw.net
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