What are the fees associated with an escrow account?
Service: Escrow Services | Updated: April 29th, 2014
There is an opening fee, payment servicing fee and closing fee for each account.
Opening Fee - The opening fee is based on the contract balance of the escrow. This fee is paid when the escrow is opened. See Escrow Services & Fees brochure for current fees.
Payment Fees - The buyer will usually pay a monthly, quarterly, semi-annual or annual payment fee as determined by the terms of the agreement. The fee is based on the amount of the payment. See Escrow Services & Fees brochure for current fees.
Closing Fee - See Escrow Services & Fees brochure for current closing fees.
Other Fees - See Escrow Services and Fees brochure for a list of other fees that may apply.