Real estate closings in the District of Columbia

We are the largest independently owned title company serving the DC metro area.

  • Fees

    The settlement fee is $875.

    The following services are included:

    • Title abstract
    • Courier costs
    • Tax certificate
    • Admin fees
    • Closing fee
    • Notary fees
    • Title insurance binder
    • Recording service fee (if applicable)

    For bank-owned / foreclosure, new construction, short sale and commercial properties, settlement fees may vary. Use Quick Quote for a fast, anonymous and accurate estimate of closing costs.

    Please note: The lump sum does not include the following services, as these are additional services not required for all transactions.

    1.  Location survey*^

     * Only applicable for single family homes
     ^ Survey prices may vary with location

    A location survey may be required by your lender.
    Cost is $225 in DC.

    2.  Power of Attorney preparation
    Cost is $125 in DC.

    3.  Simultaneous 2nd Trust settlement fee

    An additional fee of $300 applies if you obtain a second mortgage (i.e., home equity line of credit) simultaneously with your transaction.

      Prices applicable to the District of Columbia. All other jurisdictions, please use our Quick Quote.


    Settlement fees are fixed, meaning they will not change regardless of the purchase price of your home.

    Settlement fees are not the only fees associated with closing costs.

    Consumers must also pay transfer & recordation taxes (buyer & seller, respectively) and a title insurance policy premium. These costs vary depending on the purchase price of your home.

    By law, it is the buyer's right to choose what title company handles their closing. A little shopping can save a homebuyer thousands of dollars.

    We encourage you to grab a Quick Quote today for an accurate and anonymous estimate of how much money you will need to bring to the closing table.

    Updated 10-30-2013 | Information is reliable but not guaranteed.
  • Taxes

    Recordation tax (a.k.a. transfer tax) is calculated by purchase price.

    • Transactions $399,999 and under are taxed at a rate of 1.1% of the purchase price.
    • Transactions $400,000 and above are taxed at a rate of 1.45% of the purchase price.
    • Example 1: $300,000 x 1.1% = $3,300.
      Buyer and seller each pay $3,300 for a total of $6,600 paid to DC.

    • Example 2: $500,000 x 1.45% = $7,250.
      Buyer and seller each pay $7,250 for a total of $14,500 paid to DC.
    FURTHER READING: How to qualify for DC Tax Abatement

    Recording fees (Deeds, Deeds of Trust, etc.)

    • $31.50 for a Deed and $156.50 for a Deed of Trust.

    Property taxes are paid semi-annually:

    • Taxes due 3/31 for the period of 10/1 - 3/31
    • Taxes due 9/30 for the period of 4/1 - 9/30
    Updated 4/07/2014 | Information is reliable but not guaranteed.
  • Title insurance

    OWNER'S POLICY

    The owner's policy protects against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home.

    Policy rates do not include the $150 simultaneous issue fee.

    Standard coverage
    (minimum premium $228)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $5.70/$1k -- --
    $250,001 to $500,000 $1,425.00 $5.10/$1k $250k
    $500,001 to $1 million $2,700.00 $4.50/$1k $500k
    $1,000,001 to $5 million $4,950.00 $3.90/$1k $1 million
    $5 million to $15 million $20,550.00 $1.05/$1k $5 million
    $15 million+ $31,050.00 $0.90/$1k $15 million

    Enhanced coverage
    (minimum premium $274)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $6.84/$1k -- --
    $250,001 to $500,000 $1,710.00 $6.12/$1k $250k
    $500,001 to $1 million $3,240.00 $5.40/$1k $500k
    $1,000,001 to $5 million $5,940.00 $4.68/$1k $1 million
    $5 million+ $24,660.00 $3.96/$1k $5 million

    LENDER'S POLICY

    The lender's policy protects the mortgage holder (the institution that owns the mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.

    Standard coverage
    (minimum premium $168)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $4.50/$1k -- --
    $250,001 to $500,000 $1,125.00 $3.90/$1k $250k
    $500,001 to $1 million $2,100.00 $3.30/$1k $500k
    $1,000,001 to $5 million $3,750.00 $2.70/$1k $1 million
    $5 million to $15 million $14,550.00 $0.85/$1k $5 million
    $15 million+ $23,050.00 $0.75/$1k $15 million

    We offer an enhanced lender's title policy upon request.
    E-mail info@federaltitle.com to inquire.

    Note: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the purchase price is $600k and a standard owner's title policy is purchased, the cost is calculated by multiplying:

    250 x $5.70 = $1,425250 x $5.10 = $1,275
    100 x $4.50 = $450

    Total = $3,150
    + (Simultaneous Rate) $150
    Grand Total = $3,300

    Simultaneous issue transaction

    When an owner's policy and a loan policy are issued simultaneously, the rate applicable for the owner's policy shall be the regular owner's rate. In all cases the owner's policy shall be issued for the sale price of the property or, in the event there is no sale, the value of the premises.

    An additional $150 will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company "Eagle Policy." Quotes for other title insurance products are available upon request.

    Title insurance re-issue rate policy

    To qualify for a reissue rate, the borrower must provide the (seller's) current owner's title policy, which must be less than 10 years old. The reissue rate is based on the face amount (coverage) of the (seller's) current policy.

    View refinance rates