Real Estate Closing Cost in DE

Purchase
New Castle, Kent, & Sussex County
City Deed Transfer Tax= 1.5% of the sales/purchase price.
Buyer and Seller split 50/50

State Deed Recordation Transfer Tax= 1.5% of the sales/purchase price.
Buyer and Seller split 50/50

The Lender is not allowed to charge borrower a 'processing fee'.
If refinancing with cash-out, there are no recordation taxes charged on the new money.

 Delaware Title Insurance rates

Title Insurance, owner's and lender's eagle policy
up to 100k	$4.20 per 1,000
100k to 1 million	$3.60 per 1,000
$100 minimum premium
$25 simultaneous issue fee must be added
Lender's Title Insurance only
up to 100k	$3.00 per thousand
100k to 1 million	$2.40 per thousand

Typical settlement company will charge the following:

Buyer
Settlement	$200
Title Exam	$300
Title Binder	$125
Recording- Deed	$34
Recording- Mortgage	$214
Survey (if needed)	$500- $800
Archive and FedEx	$28

Seller
Settlement	$200
Document Preparation	$200
Archive and FedEx	$15

Refinance
Settlement	$300
Title Update	$175
Title Binder	$125
Document Preparation	$25 per release
Recording- mortgage	$214
Survey (if needed)	$500- $800
Archive and FedEx	$47

Home Equity Loans, Second Trusts
Settlement	$150
Title Update	$175
Title Binder	$125
Doc Prep	$25 per release
Recording	$34
Archive and FedEx	$32

If you are thinking about selling your home or wonder how much your home is worth, contact me. If you have friend and family member that is interested in buying or selling thier home, please keep me in mind!                 cell: 302-290-1375 office 302-631-1648 e-mail pam.covey@foxroach.com