Title insurance rates are filed per-state and often set as a specific rate per $1,000 of coverage, not a flat percentage — this isolates that one closing cost line item.
How it works
The owner’s policy premium is the purchase price divided into thousands, multiplied by the owner rate. The lender’s policy, often required together and priced at a lower simultaneous-issue rate, is computed the same way against the loan amount.
What this does not include
Actual rates are set by state (and in some states, by specific insurers) and vary considerably — this calculator applies whatever rate is entered rather than looking one up, since no single national rate exists.
How to use this calculator
- Enter the purchase price and owner’s policy rate per $1,000.
- Enter the loan amount and lender’s simultaneous-issue rate, if applicable.
Frequently asked questions
Why is the lender’s rate usually lower than the owner’s?
Because it’s typically issued simultaneously with the owner’s policy, sharing much of the underlying title search and examination work already done for the owner’s policy.
Who pays for title insurance?
Custom varies by state — in some, the buyer pays for both policies; in others, the seller customarily pays for the owner’s policy.
Is title insurance required?
A lender’s policy is typically required by the mortgage lender; an owner’s policy is optional but strongly recommended, since it protects the buyer’s own equity against title defects.
