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A lender is allowed, however, to require the use of certain settlement service providers, which is explained and <br />disclosed in your Addendum to Loan Estimate. <br />Homegard® <br />Home Warranty Plans $429 to $829 <br />In addition to the basic coverages in each plan, additional equipment and multiple units may be covered for <br />additional charges <br />ET is a title, escrow and settlement company. They charge title and settlement fees to both the buyer(s) and <br />seller(s). These estimated fees are listed below. <br />Escrow Fee: Up to $495.00 for seller and $495.00 for buyer <br />Title Exam: Up to $395.00 <br />Additional Title & Escrow Charges: Up to an additional $400 per side <br />Title Insurance fees on purchases range as follows: <br />Owner Fee Title Insurance (Rates are set by the Ohio Title Insurance Ratings Bureau "OTIRB"): <br />Per Thousand or any Fraction thereof. - <br />Up to $150,000 of liability written $5.75 <br />Over $150,000 and up to $250,000 add $4.50 <br />Over $250,000 and up to $500,000 add $3.50 <br />Over $500,000 and up to $10,000,000 add $2.75 <br />Over $10,000,000 add $2.25 <br />Minimum Premium $175.00 <br />Survey Coverage $100.00 <br />Mechanic's Lien Coverage 10% - 40% of the original rate for the policy, with a minimum charge <br />of $150.00-$500.00 <br />There is an increased cost for a Homeowner's Policy of Title Insurance that is set by OTIRB. You may request <br />endorsements on your policy which would also increase the cost. The cost of the same is also set by OTIRB. <br />Loan Policy of Title Insurance (Required by your lender, rates set by OTIRB) <br />Standard Loan Policy (when Owner's Policy is purchased) $100.00 <br />Expanded Coverage Residential Loan Policy $125.00 <br />ALTA 4-06 (Condominium Endorsement) $50.00 <br />ALTA 5-06 (Planned Unit Dev. Endorsement) $50.00 <br />ALTA 8.1-06 (EPA Endorsement) $50.00-75.00 <br />ALTA 9-06 (Restrictions, Encroachments, $0.10 per thousand, with a minimum <br />Minerals Endorsement) rate of $150.00 <br />Survey Coverage $0-50.00 <br />Mechanic's Lien Coverage 10% - 40% of the original rate for the policy, with a <br />minimum charge of $150.00-$500.00 <br />Other endorsements may be requested by your lender. The loan policy premium fee will be higher if an owner's <br />policy is not purchased. The cost of the same is also set by OTIRB. <br />Closing Protection Letter Fee: $40.00 - $85.00 <br />Erie Title A1BA 10-7-2024 <br />YL SOM <br />