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Company Loan Type APR Est. Pmt.

What is typical Title Closing and Settlement Fees?

Posted on: 04th Jun, 2008 04:32 pm
If I go through wells fargo, they list $875 for the title company "Settlement or Closing Fee." If I go through other sites like Chase, they only list $325 for the same charge. What is the typical amount a title company charges for settlement/closing fees? I am only interested in the title company fee, not including title insurance, recording, etc... It would be for a $280,000 loan. Does the cost vary widely across title companies?
This fee does range from company to company and from state to state. Some states do not even use escrow companies but need to use attorneys. In California, by laws regulating the insurance industry, these fees must be published and they are not allowed to vary. The title company we use offers a $350 escrow (settlement) fee, this is for loans up to $500k I believe. They have to keep record of the fees they collect and are subject to audits. Chase may very well own or be affiliated in some way with a title company or may have a title company that has a division created specifically for them hence the low fee.

Also, there's a huge difference between escrow companies in Northern California vs. Southern California as SoCal has escrow companies which are often independent of title companies.

Hope this helps,
Posted on: 04th Jun, 2008 10:20 pm
Hi Guest.

Welcome to the forum.

I agree with Jason the Closing and Settlement Fees varies from "company to company and from state to state". There are a number of fees collected from the borrowers before he take possession of the property. The closing cost may be 4 percent of the sales price.

Hope this helps you to understand. Fell free to ask if you have any further questions.

Best of luck,
Posted on: 21st Jun, 2008 05:55 am
the title fees will vary between refinance and purchase as well.

many title companies offer brokers discounts on refinance fees which get passed onto the client. like mentioned above a flat fee of $350 may be used for a refi but they usually go by the posted prices for a purchase...

a purchase will cost you more because there is a little more involbed for the company....

hope the helps

Posted on: 21st Jun, 2008 03:11 pm
Posted on: 23rd Jun, 2008 02:57 pm
Hi John.

Welcome to the forum.

I feel you are a broker right :) So where are you from? Are you licensed in a particular state or nationwide? There are so many lenders and mortgage professionals in this community. You can see them at

There are so many people who come here with their mortgage and other financial quires and we try to stand by then and help them out. When you are in desperation if someone helps you out with nothing but mere information, suggestions and advice, it is actually a great help. So I think you will be off great help with some valuable suggestions and information. Hope to see soon in the forums with some valuable suggestions :)

Best of luck,
Posted on: 24th Jun, 2008 04:50 am
i am only liscensed in new york. I can co broker with any state except for nevada and texas. That also goes hand in hand with a little higher of a fee though so unless its a new york loan then i would suggest only contacting me for numbers to use against another broker to get the best deal out there. if i give you numbers with a rate that is .25 piont lower than the broker in your hometown i have to believe they will match the program. im not byist on who gets paid on loans (unless they are my referrals lol) so please if anyone needs help dont hesitate to ask.
Posted on: 24th Jun, 2008 08:10 am
Hi John.

Thanks for replying. hope to see you more in the forums.
Posted on: 25th Jun, 2008 05:36 am
Hi guest,

The closing costs would vary from one lender to another. Moreover, certain lenders may not include all items in the closing costs. There's a possibility that Chase may ask the borrowers to pay certain fees (processing fee, application fee and others) prior to closing. Thus, they won't include those items in the closing costs. The title company fee is also likely to vary.


Posted on: 25th Jun, 2008 05:53 am
Title company fees vary per title company.
Posted on: 23rd Sep, 2010 01:33 pm
Title company fees vary per title company and have nothing to do with your lender except that they must disclose the correct amount to you. Like your lenders title company's can't do loans for free. The majority of the fee is for the title ins. the settlement/escrow/closing fee is basically the fee charged for the processing of the loan or admin fee. it can range from 100-400 depending on your state and company. this fee does not include any overnight/courier, tax cert., recording or doc prep fees.
Posted on: 23rd Sep, 2010 01:36 pm
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