PURCHASE | TRANSFER TAX CHART
  Ohio Purchase & Closing Cost Estimate  
  Assumptions  
  Selling price of property  

   

  Mortgage Amount  
  Choose Ohio County    
  Transfer & Recordation Tax
  DEED TRANSFER TAX   BUYER   SELLER  
  County Conveyance Fee (Tax)      
  Total Transfer Tax Cost      
  Transfer taxes are customarily paid by the seller; although dictated by sales contract.
  Title Insurance
  Policy Type   OWNERS POLICY   LENDERS POLICY*  
  Policy Coverage      
             
  Who Pays?   Buyer's Cost   Seller's Cost  
  Total Tile Insurance Cost      
  Payment of title insurance varies widely across Ohio.
  Title Insurance Endorsements
  Alta 8.1 Environmental Protection Lien    
  Alta 9 - Restrictions, Encroachments & Minerals  
  Survey Endorsement  
  Alta 5.1 - PUD    
  Alta 4.1 Condominium Endorsement    
  Alta 6 - Variable Rate Endorsement    
  Total Endorsement Cost        
  Tax Proration
           
  CLOSE DATE    
  Proration Method      
  Previous year tax bill $      
  First Half Year Tax $      
  2nd Half Year Tax $      
  Annual Property Taxes        
  Seller Pays Buyer      
 
  The following costs are typical for northeast Ohio (Cleveland metro area). Settlement and closing costs vary widely across Ohio.  
 
1100 Title Charges     BUYER   SELLER  
1101 Title services and lenders title insurance          
1102 Settlement or closing fee     $350.00   $350.00  
1103 Owners title insurance        
1104 Lenders title insurance        
1105 Lenders title policy limit          
1106 Owners title policy limit          
1107 Agents title insurance premium          
1108 Underwriters title insurance premium          
1109 Deed Preparation         $75.00  
1110 E-Doc     $50.00      
1111 Location Survey     $145.00      
1112 Over Night Mail     $35.00      
1113 Special Tax Search     $50.00      
1114 Title Commitment     $100.00      
1115 Title Examination         $350.00  
1116 Transfer Service (title update)     $35.00      
1117 Water Hold         $200.00  
1118 Alta 8.1 Environmental Protection Lien        
1119 Alta 9 - Restrictions, Encroachments & Minerals        
1120 Survey Endorsement          
1121 Alta 5.1 - PUD          
1122 Alta 4.1 Condominium Endorsement        
1123 Alta 6 - Variable Rate Endorsement        
1124      
1125      
1126      
1200 Government Recording and Transfer Charges          
1201 Government recording charges            
1202 Deed     $28.00      
  Mortgage     $140.00      
  Power of Attorney            
1203 Transfer taxes          
1204 County transfer tax      
1205 State transfer tax Not applicable          
1206 Recordation Tax Not applicable          
1207      
1300 Additional Settlement Charges          
1301 Required services that you can shop for      
1302 Home Warranty        
1303 Pest Inspection        
1304 Survey        
1305 Well        
1306 Septic        
1307          
1308          
     
  TOTAL CLOSING COSTS