Real estate closings in Maryland

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

  • Fees

    The settlement fee is $875 in Montgomery and Prince George's County. In all other counties, the fee is $1,275.

    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 Maryland.

    2.  Power of Attorney prepartion
    Cost is $125 in Maryland.

    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 Montgomery County, MD and Prince George's County, MD. 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

    Transfer tax (a.k.a. recordation tax) is calculated by purchase price

    • State Transfer Tax is 0.5% to purchasers for all counties
    • State Recordation or Stamp Tax (see chart below)
    • County Transfer Tax (see chart below)
    If the borrower is a first-time Maryland Homebuyer who will occupy the property as principal residence, then the borrower is exempt from state transfer tax. All purchasers must be first-time homebuyers in Maryland to qualify.

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

    • $40 for each Deed or Deed of Trust
    • $30 per release
    This generally results in a total recording charge of approximately $80 for purchase transactions.

    Transfer & Recordation tax table

    The chart below shows the total amount of taxes, by county, to be paid at settlement based on the purchase price of the property. These taxes are customarily split 50/50 between the buyer and seller. For fast, accurate tax calculations, try our app Close It! for iOS and Web. 


    Property taxes

    Principal residences are paid semi-annually, and non-principal residences and investment properties are paid annually.

    For principal residences:

    • Taxes due on 9/30 for the period of 7/1 - 12/31
    • Taxes due on 12/31 for the period of 1/1 - 6/30

    For non-principal residences and investment properties:

    • Taxes due on 9/30 for the period 7/1 - 6/30
    Updated 6/29/2015 | 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 $75 simultaneous issue fee.

    Standard coverage

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $3.75/$1k -- --
    $250,001 to $500,000 $937.50 $3.25/$1k $250k
    $500,001 to $1 million $1,750.00 $2.75/$1k $500k
    $1,000,001 to $5 million $3,125.00 $2.20/$1k $1 million
    $5 million to $15 million $11,925.00 $1.75/$1k $5 million
    $15 million+ $29,425.00 $1.50/$1k $15 million

    Enhanced coverage

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $4.60/$1k -- --
    $250,001 to $500,000 $1,150.00 $3.95/$1k $250k
    $500,001 to $1 million $2,137.50 $3.30/$1k $500k
    $1,000,001 to $5 million $3,787.50 $2.60/$1k $1 million
    $5 million to $15 million $14,187.50 $2.20/$1k $5 million
    $15 million+ $36,187.50 $1.80/$1k $15 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

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $2.65/$1k -- --
    $250,001 to $500,000 $662.50 $2.25/$1k $250k
    $500,001 to $1 million $1,225.00 $1.90/$1k $500k
    $1,000,001 to $5 million $2,175.00 $1.60/$1k $1 million
    $5 million to $15 million $6,400.00 $1.30/$1k $5 million
    $15 million+ $19,400.00 $1.00/$1k $15 million
    We offer an enhanced lender's title policy upon request.
    E-mail info@federaltitle.com to inquire.

    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 $3.75 = $937.50
    250 x $3.25 = $812.50
    100 x $3.30 = $330.00

    Total = $2,116.00
    + (Simultaneous Rate) $75
    Grand Total = $2,191.00

    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 even there is no sale, the value of the premises.

    An additional $75 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.

    However, if the buyer qualifies for the REAL Credit™ program, then we can only honor EITHER the re-issue rate or the REAL Credit™ – but not both.

    View refinance rates