1850 North Broadway
Rochester Minnesota
Phone: (507) 289-4529
Fax: (507) 289-0987
Louis M. Ohly | Paul M. Ohly* | James C. Ohly* | Travis M. Ohly*
Attorneys at Law *Certified Real Property Law Specialists

Rate Calculator

  • Estimate Closing Costs
  • Owners & Lenders Policy
  • Instant Cost Estimates

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Ohly Law Rate Calculator


 


 

 
Purchase Price
Loan Amount
Percentage (example: 12)

Policy Type



 


 


 
 
 
 

Owners Portion – $
Lenders Portion – $
Net Title Policy:  
Title Fees
Closing Fee: $195.00
Exam Fee: $100.00
Name Search: $25.00
Plat Drawing: $70.00*
Package Overnight: $30

* Plat drawings may vary based on the location of the subject property

Title Fees
Closing Fee: $195.00
Title Search: $80.00 (Olmsted County)*
Title Exam: $100
Name Search: $25.00
Plat Drawing: $70.00*
Payoff Overnight: $25.00

* Title Search and Plat Drawing fees may vary based on the County in which the property is located.

Total Title Fees:
Attention: This list is not intended to include all possible fees for every transaction. Additional fees may be applicable if additional documents must be recorded such as affidavits, powers of attorney, releases, divorce decrees and for a variety of other reasons. The following is a partial list of a few common fees:

– Document recording fee (Minnesota): $46.00
– Well Certification: $50.00
– Conservation Fee: $5.00 – $20.00
– Courier Fee: $30.00
– Certified Copies: $10.00
– Document Process & Delivery: $35.00
– E-Recording Fee (per document): $4.00

If you have any questions about a specific estimate, please do not hesitate to contact us directly.

Total Title Charges:
 
Mortage Tax:

function calc_loan_amount(val) { return Math.round((val * .01) * $("#purchase_price").val()*100)/100; }

$("#percent").keyup(function() { $("#loan_amount").val(calc_loan_amount($(this).val()));

});

$("#purchase_price").keyup(function() { $("#loan_amount").val(calc_loan_amount($("#percent").val())); });

$("#loan_amount").keyup(function () { //$("#purchase_price").val(''); //$("#percent").val(''); });

$("#refresh").click(function() { calc(); });

$(".policy_type").click(function() { calc(); });

$(".rate_type").click(function() {

switch($(this).val()) { case 'purchase': var rate_type = 'purchase'; $("#total_title_fees").text('$420'); $("#purchase_price").attr('disabled', false); $("#percent").attr('disabled', false);

$("#policy_div").show(); $("#title_other_charges_purchase").show(); $("#title_other_charges_refinance").hide(); break; case 'refinance': var rate_type = 'refinance'; $("#total_title_fees").text('$475'); $("#purchase_price").val(''); $("#purchase_price").attr('disabled', true);

$("#percent").attr('disabled', true); $("#percent").val('');

$("#policy_div").hide(); $(".policy_type").attr("checked",false) $("#title_other_charges_refinance").show(); $("#title_other_charges_purchase").hide(); break; }

calc(rate_type);

});

function trimDecimal(amt){ if(amt.indexOf('.') > -1){ return amt.substring(0,amt.indexOf('.')); }

return amt; }

function owner(loan_amount) { if(loan_amount < 100000) { var title_amount = ((loan_amount)/1000)*4; } if(loan_amount >= 100000 && loan_amount < 150000) { var title_amount = ((loan_amount-100000)/1000)*3.25+400; } if(loan_amount >= 150000 && loan_amount < 300000) { var title_amount = ((loan_amount - 150000)/1000)*2.5+562.50; } if(loan_amount >= 300000 && loan_amount < 1000000) { var title_amount = ((loan_amount - 300000)/1000)*2.25+937.50; } if(loan_amount >= 1000000) { var title_amount = ((loan_amount - 1000000)/1000)*2+2512.50; }

return Math.round(title_amount); }

function lender(loan_amount) { if(loan_amount < 150000) { var title_amount = ((loan_amount)/1000)*3; } if(loan_amount >= 150000 && loan_amount < 300000) { var title_amount = ((loan_amount - 150000)/1000)*2.5+450; } if(loan_amount >= 300000 && loan_amount < 500000) { var title_amount = ((loan_amount - 300000)/1000)*2.25+825; } if(loan_amount >= 500000 && loan_amount < 1000000) { var title_amount = ((loan_amount - 500000)/1000)*2+1275; } if(loan_amount >= 1000000) { var title_amount = ((loan_amount - 1000000)/1000)*1.75+2150; }

return Math.round(title_amount);; }

function both(loan_amount) { if(loan_amount < 100000) { var title_amount = ((loan_amount)/1000)*4; } if(loan_amount >= 100000 && loan_amount < 150000) { var title_amount = ((loan_amount-100000)/1000)*3.25+400; } if(loan_amount >= 150000 && loan_amount < 300000) { var title_amount = ((loan_amount - 150000)/1000)*2.5+562.50; } if(loan_amount >= 300000 && loan_amount < 1000000) { var title_amount = ((loan_amount - 500000)/1000)*2.25+937.50; } if(loan_amount >= 1000000) { var title_amount = ((loan_amount - 1000000)/1000)*2+2512.50; }

return Math.round(title_amount + 100); }

function refinance(loan_amount) { if(loan_amount < 150000) { var title_amount = (((loan_amount)/1000)*3)*.60; } if(loan_amount >= 150000 && loan_amount < 300000) { var title_amount = (((loan_amount - 150000)/1000)*2.5+450)*.60; } if(loan_amount >= 300000 && loan_amount < 500000) { var title_amount = (((loan_amount - 300000)/1000)*2.25+825)*.60; } if(loan_amount >= 500000 && loan_amount < 1000000) { var title_amount = (((loan_amount - 500000)/1000)*2+1275)*.60; } if(loan_amount >= 1000000) { var title_amount = (((loan_amount - 1000000)/1000)*1.75+2150)*.60; }

return Math.round(title_amount); }

function calc(rate_type) { if(rate_type == undefined) { var rate_type = $(".rate_type:checked").val(); }

var purchase_price = String($("#purchase_price").val()); var loan_amount = String($("#loan_amount").val());

loan_amount = loan_amount.replace(/\,/g,'');

var policy_type = $(".policy_type:checked").val(); var title_amount = 0;

switch(rate_type) { case 'purchase': $('#purchase_price, #purchase_price_label, #percentage_label, #percent').show(); $("#abstracting").removeClass('hidden'); var abstracting = 220; switch(policy_type) { case 'owner': var title_amount = owner(purchase_price); $("#breakdown").hide(); $("#owner_brk").text(''); $("#lender_brk").text('');

break; case 'lender': var title_amount = lender(loan_amount); $("#breakdown").hide(); $("#owner_brk").text(''); $("#lender_brk").text(''); break; case 'both': var title_amount = Math.round(owner(purchase_price)) + 75;//both(purchase_price); $("#breakdown").show(); $("#owner_brk").text(Math.round(owner(purchase_price))-lender(loan_amount)); $("#lender_brk").text((Math.round(owner(purchase_price)) + 75)-(Math.round(owner(purchase_price))-lender(loan_amount))); break; } break; case 'refinance': $('#purchase_price, #purchase_price_label, #percentage_label, #percent').hide(); $("#abstracting").addClass('hidden'); var abstracting = 0; var title_amount = refinance(loan_amount); $("#breakdown").hide(); $("#foo1").text(''); $("#foo2").text(''); break; }

var total_title_fees = $("#total_title_fees").text(); var mortage_tax = (Number(loan_amount) * .0023); var total_amount = Math.round(abstracting + title_amount + Number(total_title_fees.replace(/\$/g,''))); $("#mortage_tax").text("$"+Math.round(mortage_tax)); $("#total_amount").text("$"+total_amount); $("#net_policy_charge").text("$"+Math.round(title_amount)); }

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