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RATES AND FEES FOR NEW JERSEY
Basic Rate
is used in all cases note covered by Reissue Rate, Refinance Rate, or Modification Rate.
Reissue Rate
is used if the same property is covered by an owner’s Title Policy issued within 10 years, insuring the last deed of conveyance.
Refinance Rate
is used for refinance, recast, or substitution loan by same borrower on the same property up to the face amount of prior loan.
Modification Rate
is used for insuring mortgage modification or extension agreements by same borrower on the same property.
Simultaneous Issue:
When a loan policy is issued to a mortgagee simultaneously with a policy issued to the owner, an additional charge of $25.00 will be made.
Endorsements
are provided depending on the requirements of the lender as well as the title commitment. Here are a few common endorsements (as applicable): |
Survey Endorsement: (NJRB 5-01)
Variable Rate Mort. End. (ALTA 6.1)
Revolving Charge (NJRB 5-21)
Environmental Endorsement (ALTA 8.1)
Restrictions, etc. (loan) (ALTA 9)
Condominium Endorsement (ALTA 4.1) |
$25
$25
$25
$25
$25
$25
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| Basic Settlement Charges: |
Settlement Fee:
Wire Fee:
Notary Fee: |
$300 - $375
$15
$25 |
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| Policy Premiums are issued based on the amount of the purchase price and/or the loan amount. On a basic rate over $100,000.00 calculate as follows: |
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| Add per $1,000.00 or fraction thereof as follows: |
$100,001 - $500,000
$500,001 - $2,000,000
Over $2,000,000 |
$4.00
$2.75
$2.25 |
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| Rates Subject To Change As Per State Requirements |
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