Title Insurance rates are not regulated by the State of Virginia, therefore, rates can vary between title insurers. This calculator uses the title insurance rates  found in the Virginia Rate Book.pdf. The State of Virginia has three deed transfer taxes and two recordation taxes (think of the recordation tax as a mortgage tax stamp). The buyer typically pays the state and county deed transfer tax. The seller pays a transfer tax to the state, also known as the VA Grantor tax. Should there be a mortgage on the property, the buyer will pay a recordation tax to the State of Virginia and the county. This closing cost calculator should be useful for the mortgage lender's GFE and HUD-1. Additional state title insurance and transfer tax calculators can be found here: Title Insurance Page This calculator is under development. Use at your own risk. Feel free to suggest any comments or ideas by way of the Contact page. |
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