COMPARATIVE RATES
Consumers' Choice Title Group believes consumers should feel comfortable comparing providers, evaluating pricing structures, and better understanding transactional closing costs before selecting a title company. The comparative information below is designed to help consumers evaluate potential pricing differences between Consumers' Choice and median market pricing for common residential title insurance and closing services throughout Chicagoland.
HOW ARE MEDIAN MARKET RATES DETERMINED?
Median market pricing is based upon periodic analysis of publicly available published pricing from multiple title and settlement service providers operating throughout the Chicagoland region. Comparative pricing is provided for general illustrative purposes only and actual transactional costs may vary. Pricing varies based upon transaction structure, underwriting requirements, endorsements, and property characteristics.
POTENTIAL SAVINGS ILLUSTRATION
$450,000 SINGLE FAMILY HOME
A side-by-side comparison of transactional closing costs at median market pricing versus Consumers' Choice published pricing.
SELLER OBLIGATION
Median Market
Consumers' Choice
Title Search
$185
Title Commitment
$185
Commitment Update
$185
Owner's Policy
$2,650
Closing Protection Letter
$50
Wire Fee
$50
IL Statutory Fee
$3
Total
$3,308
Title Search
$130
Title Commitment
$130
Commitment Update
$130
Owner's Policy
$1,850
Closing Protection Letter
$50
Wire Fee
$25
IL Statutory Fee
$3
Total
$2,318
Seller Savings: $990 (29.9%)
BUYER OBLIGATION
Median Market
Lender's Policy
$595
Endorsements (×3)
$555
Chain of Title
$250
Policy Update
$185
APLD Certificate
$100
Courier Fee
$25
Wire Fee
$50
Email Fee
$40
IL Statutory Fee
$3
Closing Protection Letter
$50
Closing Fee
$2,150
Total
$4,003
Consumers' Choice
Lender's Policy
$429
Endorsements (×3)
$387
Chain of Title
$175
Policy Update
$130
APLD Certificate
$100
Courier Fee
$25
Wire Fee
$25
Email Fee
$20
IL Statutory Fee
$3
Closing Protection Letter
$50
Closing Fee
$1,499
Total
$2,843
Buyer Savings: $1,160 (29.0%)
*Median Rates determined by analysis of published rates of 15 market competitors. Rates at upper end of listed ranges used for purposes of comparison. Rates subject to change.
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Rates are subject to change without notice and may vary based on transaction details, property location, and underwriting requirements. Coverage is provided pursuant to the terms, conditions, exclusions, and exceptions of the applicable title insurance policy. Please contact Consumers' Choice Title Group for confirmation of rates and availability. Consumers' Choice Title Group is an Assumed Name of United Community Title, LLC duly registered with the Illinois Secretary of State.
OWNER'S POLICY OF TITLE INSURANCE
Sale Price
Median Rate
Our Rate
Under $200k
$201k – $225k
$226k – $250k
$251k – $275k
$276k – $300k
$301k – $325k
$326k – $350k
$351k – $375k
$376k – $400k
$401k – $425k
$426k – $450k
$451k – $475k
$476k – $500k
$501k – $525k
$526k – $550k
$551k – $575k
$576k – $600k
$601k – $625k
$626k – $650k
$651k – $675k
$676k – $700k
$701k – $725k
$726k – $750k
Over $750k
$2,100
$2,190
$2,230
$2,290
$2,330
$2,390
$2,430
$2,490
$2,530
$2,590
$2,630
$2,690
$2,730
$2,790
$2,830
$2,890
$2,930
$2,990
$3,030
$3,090
$3,130
$3,190
$3,230
===
$1,350
$1,400
$1,450
$1,500
$1,550
$1,600
$1,650
$1,700
$1,750
$1,800
$1,850
$1,900
$1,950
$2,000
$2,050
$2,100
$2,150
$2,200
$2,250
$2,300
$2,350
$2,400
$2,450
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