Home Buying in Carmel Valley>Question Details

Joe Krugger, Home Buyer in San Diego, CA

What is the typical CA escrow fee for the buyer?? Our 1/2 of the escrow fee is almost 2% of the sales price.

Asked by Joe Krugger, San Diego, CA Mon Apr 28, 2008

That means the escrow company is making 4%! Seems like a rip off in San Diego. Sellers who are listing with Prudential choose Pickford which is all owned by the same companies. Seems like a very anti-competive scam to me.

Help the community by answering this question:


With our company, Chicago Title, escrow fees are based on the sales price of the home. Let me know what the price is and I will get you our quote. As an example, for a $500,000 sale, our escrow fee would be $2300 total (this is customarily split between buyer and seller). The title policy for a $500,000 loan, for the buyer is $635. Hope that helps. I am including a link below that shows who pays for what. Please wait for it to load. You can call me if you have questions.
2 votes Thank Flag Link Mon Apr 28, 2008
Ask this escrow company to provide with a copy of their published rates. They are required to have these in printed format on file at all times. I don't have my formula onhand to share with you to give you an idea of the general escrow fee paid but the last escrow I just closed was for a home sale price of $400,000 and the escrow fee portion of the closing costs was $999.00. Now understand that there are also title insurance fees, notary fees, sub-escrow fees, loan tie-in fees, etc. These fees are usually outlined in your lender's good faith estimate as they manage many of the closing costs for a buyer. Compare the lender's good faith estimate to a copy of the escrow company's estimated closing statement to see what the differences may be. It is always prudent to review your closing statement before closing. Your real estate agent should help you determine if something looks out of range. Best of luck!!
1 vote Thank Flag Link Mon Apr 28, 2008
Hi there Joe, this seems high, What is the purchase price ? It normally is $ 2 per thousand with a $ 200 base. So for Example Sales price $ 600,000 Escrow would be $ 1,400 per side. Total closing costs normally is 1.5% of Purchase price.
If you are interested in getting more informtion on this let me know. Hope this helps
Kind Regards
Michael Barron
First Team Real Estate
1 vote Thank Flag Link Mon Apr 28, 2008
What would be thetotal escrow fees for a house that sells for $270,000?
Flag Wed Apr 30, 2014
It's a fee charged by the title company. Escrow Fee is pretty much the same as a closing fee. It actually has nothing to do with an actual escrow account for taxes and insurance.

If you check your GFE, it should be listed under the title fees. The lender has no control over those costs.

You should shop around with different title companies in your area to get better rates on fees.

Reference link: http://titlecompanies.net/
0 votes Thank Flag Link Thu Jun 11, 2015
Is splitting the escrow fee and title insurance fee 50/50 buyer /seller somewhat standard?
If the purchase price is $450,000 with 10% down....what would the costs approximate to?
0 votes Thank Flag Link Fri Jul 25, 2014
Hello, so for a purchase price of $265k what's the max escrow charged?
0 votes Thank Flag Link Sun Aug 18, 2013
Normally I see fees running

$1.50 to $1.95 per thousand of purchase price plus a base fee of $195 to $275 per side.
Then add to that:
wire fee
loan tie in fee
recording fee
fedex fee
sub escrow fee
0 votes Thank Flag Link Sun Sep 30, 2012
That is a very low amount for escrow especially considering the fact that escrow does all the work in real estate transaction. The agents on both sides really do minimal work and get paid a lot more. Escrow charges are typically $2.25-2.95 per thousand with a base fee usually around $450. And of course with all fees.
Flag Fri Apr 25, 2014
This must be a typo...it should read 0.2%. For instanvce if sales price is $ 500,000 the buyer ( and typically also the seller ) would pay $1,000 for escrow services...not $10,000!!!!!!!!
0 votes Thank Flag Link Sat Sep 29, 2012
Wow, no one even asked what the sales price was! If I assume the purchase price is #250,000, then there is going to be a "minimal fee" which may add up to 4%. Although this is VERY rare, 4% is criminal and judging by the date of this thread, they may actually be in court for fraud at this point. 1.25% of the purchase price includes lenders fees (not points paid), title and escrow for the buyer. So if at $500,000, that's $6250 in closing costs, usually broken out to $1500 lenders fees, $1500 for title (includes fedex, notary), leaving about $3250, which about $1000 will be for notary, interest due (no escrows here), so about $2250 for escrow. All the people on this thread never answered your question or asked the right question - all just trying to sell their services. The above is pretty spot on, but EVERY escrow is different and San Diego escrow companies are a PAIN and primadonnas, so stay on them BIG time. I'm spoiled here in L.A.
0 votes Thank Flag Link Wed Nov 18, 2009
2% is high. Usually around $1,000 to $1,500.
0 votes Thank Flag Link Mon Jul 7, 2008
Hi Joe,
Yes 2% sounds high. typically all of your closing costs (escrow, title, mortgage etc...) run about 3% of your sales price. Most companies are usually competitive with each other. They have a base fee then charge so much per thousand. Sometimes they can add a lot of small junk fees which can add up. If you have not closed yet, I would try and negotiate with the escrow company on their fees. They are not in control of what the title or lender charges. Also included a link to an escrow I have used for 20 years. Good luck.
0 votes Thank Flag Link Tue Apr 29, 2008
Concur that you should give Fred Eckert a call.
0 votes Thank Flag Link Mon Apr 28, 2008
Hi Joe. While I don't know what your purchase price is, 2% closing cost sounds high. Since your profile says that you are a buyer, I am wondering why it matters which escrow company the listing company chooses. Is the listing company also representing you? I just want to make sure you understand that you as the buyer get to choose the title company and it's not up to your agent or the seller's agent to make that choice for you. Sometimes they may recommend a particular company, but in the end it's still your choice. Since I don't know how far into the escrow you are already, I don't know if switching to a different escrow/title company would be suitable. If switching at this juncture is not feasible, try to negotiate some of the closing costs down. They can't really negotiate the cost of title insurance because those are published rates, but the escrow fees are negotiable. Good luck.
0 votes Thank Flag Link Mon Apr 28, 2008
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
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