Fee Calculator

All real estate transactions involve numerous fees that can be confusing to both buyers and sellers. It’s very important that both parties understand which fees they are expected to pay. By entering the purchase price of your home below you will get typical real estate transaction fees in Northeastern Ohio and which party typically pays for it according to the terms of a customary purchase contract if buyer financing is involved. Important to note is that the division of title costs are negotiable between the buyer and seller as part of the real estate transaction.

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Purchase Price

Estimated Fees

FeeAmountResponsible Party
Settlement / Escrow Feepricebuyer / seller split
Title Examination / Abstractpriceseller
Title Commitment / Binderpricebuyer
Lender Closing Protection Coveragepricebuyer
Recording Feespricebuyer
Title Insurance (Lenders Policy)pricebuyer
Title Insurance (Owners Policy)pricebuyer / seller split
Lenders Policy Insurance Endorsementspricebuyer
County Transfer Taxpriceseller
Attorney Deed Preparationpriceseller
Mortgage Location Surveypricebuyer
Courier / Overnight Feepricebuyer / seller split
Total Estimated Fees (buyer)pricebuyer
Total Estimated Fees (seller)priceseller

Benefits of using Innovative Title on a purchase

  • No document preparation fee
  • No wire fee for seller’s proceeds
  • No title update or hold signature fee
  • No chain of title fee
  • 24 to 48 hour turnaround time on title exams and mortgage payoffs
  • No affiliated business arrangement with any realty or mortgage company therefore insuring your transaction will be handled by an impartial neutral third party