Finance category
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Title Insurance Calculator
Estimate the title insurance premium collected at closing — both the owner's policy (protects you) and the lender's policy (protects the bank). Includes the simultaneous-issue discount.
expressed as % of purchase price
discount when both policies issue together
Total title insurance
$3,204
collected at closing
Owner’s policy
$2,475
protects your equity
Lender’s policy (full)
$1,823
Lender’s policy (discounted)
$729
with simultaneous-issue discount
How title insurance works
Title insurance is a one-time premium paid at closing that protects against title defects (forged deeds, unknown heirs, missed liens, recording errors). The lender requires its own policy to protect the loan amount; the owner’s policy is optional but strongly recommended.
Rates vary by state — some are heavily regulated (TX, NM, FL) with set rates; others (CA, IL, NY) negotiate. When both policies issue at the same closing, lenders typically discount the lender’s premium 40–80%. Compare quotes on the loan estimate.
How to Use
- Enter the purchase price and loan amount.
- Enter your state's owner's title insurance rate per $100 of purchase (commonly 0.40–0.70%).
- Enter the lender's title rate per $100 of loan amount.
- Enter the simultaneous-issue discount typical in your state (often 40–80% off the lender's policy when both issue together).
- Read the total title insurance — this lands in the closing cost section of the loan estimate.
Frequently Asked Questions
Do I need both owner's and lender's title insurance?
The lender's policy is required by every mortgage lender. The owner's policy is optional but strongly recommended — it's a one-time premium that protects your equity for as long as you own the home.
How are title insurance rates set?
It depends on the state. Some states (TX, FL, NM) have promulgated rates set by the insurance commissioner. Others (CA, IL, NY) allow underwriters to compete. In competitive states, shop quotes — savings can be significant.
What does title insurance actually cover?
Forged deeds, unknown heirs claiming an interest, undisclosed liens, recording errors, and most other title defects discovered after closing. It does not cover liens or claims you knew about and accepted.
Who pays for title insurance — buyer or seller?
Custom varies by state and even by region. In many areas, the buyer pays the lender's policy and the seller pays the owner's policy. In others, the buyer pays both. The closing disclosure shows who pays each line.
Related Calculators
Closing Cost Calculator
Add title insurance to total closing costs.
Closing Disclosure Calculator
Walk through every line on the closing disclosure including title fees.
Seller-Paid Closing Cost Calculator
Plan a closing where the seller covers some title costs.
Mortgage Calculator
Run the standard mortgage payment after closing.
Down Payment Calculator
Size cash to close including title and escrow.
Property Selling Cost Calculator
On the sell side, model owner's policy as a seller-paid item.
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