The following fees will give you an idea of some of the fees you might see on your settlement statement that you would pay to us at the time of closing. They should only be used as a guide, NOT as final figures. Every loan is different and depending on what you have agreed upon with your lender they could vary from the following. Also, our fees are subject to change due to market changes, supplier increases, tax increases, or other factors beyond our control.
Therefore you should (1) refer to your good faith estimate (2) realize that the good faith estimate may not have ALL the charges on it; it is only an estimate and so things can be different at the time of closing.
Attorney/Title Exam Fee
The attorney/title exam fee varies depending on the location of the property, the lender, and the title examiner but is generally between $500.00 and $600.00.
Other Fees
Overnight Package to Lender
$30.00
Mortgage Inspection/Plot Plan (if required)
$150.00
POA Preparation (if required)
$75.00
Massachusetts
Deed
$125.00
Mortgage
$175.00
POA (if applicable)
$75.00
Assignment
$75.00
Subordination
$75.00
Municipal Lien Certificate (MLC)
$65.00
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New Hampshire
Deed
$17.39
Mortgage
$88.83
POA (if applicable)
$12.39
Assignment
$12.39
Subordination
$12.39 |
State Tax Stamps
Massachusetts
Tax stamps are charged at the time of closing and cost $4.56 per thousand of the purchase price. They are rounded to the nearest dollar and are paid entirely by the seller (for example: on a purchase price of $227,500.00 the total tax stamp due is $1037.40). |
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New Hampshire
Tax stamps are charged at the time of closing and cost $15.00 per thousand of the purchase price. They are then rounded to the nearest dollar and split between the buyer and the seller (for example: on a purchase price of $227,500.00 the total tax stamp due is $3412.50 with the buyer and the seller each paying $1706.25 at the time of closing). |
Property Taxes
Any tax bill that is outstanding will be collected at the time of closing. If a tax bill is due within 60 days of the closing this will also be collected. For purchases a tax pro-ration is done at the time of closing. There are many variables that will affect the amount of this pro-ration and who it is being paid to including: (a) the date of the closing (b) when the tax bill was paid on the subject property and (c) what dates that tax period covers. For example:
- Closing date: September 15
- Taxes paid on: July 1st
- Total Taxes for the year: $3500
- July tax bill covers April 1 thru September 30
The buyer owes the seller for 15 days of taxes towards the July bill that they paid. The per diem amount on $3500.00 at 365 days a year is $9.59; therefore the buyer would be charged $143.85 at the time of closing and this would be given back to the seller. For more information, contact the tax collector for the town to determine how much the annual taxes are and what dates the tax period covers or for general information about taxes refer to the answer in question #4 of our question & answer page.
Condominiums
If the property you are purchasing is a condominum and there are condo association dues, a condominium pro-ration between you and the seller will be done. The pro-ration is dependent on the date the last condo fee was paid, what dates that condo fee covered, and the date of the closing (for example: with a closing date of September 15th where the seller paid a $200.00 condo fee for September on September 1 the seller would be given back 15 days worth of condo fees at the day of closing from the buyer ($100.05). In addition, occasionally the condo association will require a capital reserve fund to be set-up where by the buyer will have to contribute 1to 3 months or condo dues to be held by the association in the event that the buyer fails to make a dues payment.
Homeowner's Insurance
Before the closing it is our responsibility to make sure your homeowners insurance has been paid. If it has not been paid, or any balance is due, we will collect it at the time of closing.
**NOTE: ALL FEES QUOTED ON THIS WEBSITE ARE SUBJECT TO CHANGE WITHOUT NOTICE, ESPECIALLY THE RECORDING FEES, AND ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY TO GIVE YOU AN IDEA OF WHAT CLOSING COSTS COULD BE.
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