Residential Closing Fees – Borrower Refinance
Orleans Title Insurance Agency has decades of experience in Residential closings in Greater New Orleans and Louisiana, offering you kid glove treatment and a full range of high quality transactional and title services.
To help you better understand the costs associated with your closing, we have established fee schedules for borrowers who are refinancing that are applicable for residential properties only and represent a typical closing.
Borrower’s Fees – Refinance
| Document Preparation | $250.00 |
| Express Mail-Courier Fee | $45.00 * |
| Incoming-Outgoing Wire Fees | $25.00 * |
| Closing Protection Letter | $25.00 |
| Title Examination | $200.00 |
| Title Insurance-Lender’s Policy | See Title Insurance Rates **** |
| Title Insurance-Owner’s Policy | See Title Insurance Rates **** |
| Flood Elevation-If Required | $275.00 *** |
| Survey-If Required | $600.00 – $750.00 *** |
| Cost of Recordation-Mortgage | Actual cost dependent on Parish |
| Cost of Recordation-Release | Actual cost dependent on Parish |
| Documentary Transaction Tax | $325.00 ** |
| Payoff Processing Fee | $175.00 * |
| Recording Services Fee | $200.00 |
| Abstract | $250.00 *** |
Note: The abstract fee will be waived if the previous transaction on the property was handled by Orleans Title Insurance Agency, L.L.C.
*Per occurrence **Orleans Parish only ***Estimate only – Actual costs will be charged ****Covers base title insurance rate only; does not reflect any endorsements required by lenders or requested by purchasers.
Additional Fees
Additional fees may be required if the mortgage is FHA or VA insured or if the property is not located in a subdivision. These fees do not include lender’s fees, property tax, curative work, or insurance costs.
Title Insurance
The rates for title insurance are regulated by the Department of Insurance. Therefore, title insurance rates are consistent throughout the state. However, your lender may require endorsements, which are also regulated by the Department of Insurance and may not be anticipated until the lender’s closing instructions are received.
Title insurance rates brochure >
Closing Funds and Costs in Excess of $2,500
Louisiana law requires amounts owed at closing in excess of $2,500.00 be satisfied with a cashier’s check at least three days before closing or a wire.
Orleans Title Insurance Agency, L.L.C.
201 St. Charles Avenue
Suite 3201
New Orleans, Louisiana 70170
Office: 504.582.1199
Fax: 504.582-1240