Purchase Transaction

Title Insurance Premium
   
Standard Rate
Purchase Price: 
example: 400000.00
   
Simultaneous Issue Per mortgage
 
Searching Fees
 
1- County Search & Examination $100.00
2- Upper Courts Search 1 $10.00 per person
3- Patriot Name Search 1 $2.00 per person
4- Municipal Tax & Assessment Search $ 30.00
5- Tideland Search2
6- Flood Search
 
Closing Fees
 
1- Settlement Charge/Closing Fee 3
2- Electronic Download of Closing Package $ 50.00
3- Closing Service Letter $ 75.00
4- ALTA Endorsements 4 $ 25.00 each
5- Overnight Courier Fees
6- Attorney preparation of deed   Customarily, paid by seller.
7- Realty Transfer Fee 6 No   Yes
   
Recording Fees
 
1- Deed   $40.00 first page/$10.00 each additional page
2- Mortgage
3- Discharge of prior Mortgage(s) 7 $75.00 per mortgage. Customarily, paid by seller.
4- Document Handling Fee $ 10.00
5- Notice of Settlement $ 50.00
6- Recording Surcharge for Homeless Fund Trust Act 8
     
      
 
1-
Required for each person in title. Maiden name search required if vested owner is married less than 20 years.
2-
Not required for properties located in Hunterdon, Warren, Sussex, or Morris Counties.
3-
Fee incurred if closing is handled by Park Avenue Title Agency.
4-
8.1,9, & Survey endorsements are required by most lenders.
5-
1% mansion tax paid by the purchaser of Class 2 and Class3(with dwelling) residential properties and Class 4A Commercial Properties where the consideration is in excess of $1,000,000.00.
6-
The Realty Transfer Fee is calculated based upon the sale price. Required on every transfer of property with consideration stated on the deed unless exempted. Partial exemptions entitle you to a lower realty transfer tax. Customarily, paid by seller.
7-
Discharge fee is only incurred if your prior lender doesn't forward the discharge to the county clerk's office. Generally, the fee is included on the mortgage pay-off statement.
8-
Required for certain recorded documents in the following counties: Bergen, Hudson, Middlesex, Mercer, Passaic, Union, Somerset and Camden

Disclaimer: The above total charge is an estimate only. Your lender may require additional endorsements or search work which will result in increased title fees. If you would like a more precise quote, please contact Park Avenue Title Agency directly. All title insurance fees and title agency closing fees are regulated by the Department of Banking & Insurance of the State of New Jersey.