Transaction Info

1- County: Select the county where the property is located
2- Property Type: Click on the arrow Select the line which describes how the property is improved
3- Transaction Type: Click on the arrow
The 8th line down is used for a refinance if the existing loan is being paid off or if there is no existing loan
The 9th line down is used for a refinance where an existing mortgage will be consolidated with the new loan
When these three (3) selections have been made, click "calculate"

Amounts

Please note: This section will work correctly whether you use commas and decimal points or not
1- Enter the mortgage amounts
2 -If the home owner has purchased a title insurance policy within the past ten (10) years, they may be entitled to a reduced title insurance premium. The first box is asking you for consideration paid for the "vesting instrument". Another way of saying this is, "What was the purchase price?"
The second box is asking for the face value of any unsatisfied mortgage, including the one which may become either satisfied by this transaction of consolidated with it.

Next, click on "Fees" and or "Endorsements". You can skip the "Fees & Endorsements" section by clicking of "Finish"

Endorsements

"Fees and Endorsements" will give you and extensive list of options from which you may pick. If you feel confidant, you may select them. If not. Please note that most lenders require endorsements totaling $75- $100.

Fees

"Fees and Endorsements" will give you and extensive list of options from which you may pick. If you feel confidant, you may select them. If not. Please note that most lenders require endorsements totaling $75- $100.

Results

The top section is entitled "Transaction Description" Please read through to verify that it describes the transaction properly
The next section is entitled "Premium Description". This will give you the Title Insurance Premium.
If your transaction is entitled to a reduced title insurance premium, it will display how that discount is applied. Please remember, if you did not select the endorsement, you will need to add $75 to $100 to this amount
The next section is entitled "Tax Description".
This gives you a detailed breakdown on the New York
State Mortgage Recording Tax. It will indicate how much tax will be due and how much the Borrower
and the Lender pays.
At the bottom of this page, you have an option to calculate another rate.
You also have an option to print the page