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Title Insurance Calculator

Enter the home price and rate per $1,000 to estimate the premium.

Result

How it is calculated

The premium is a flat rate applied to the value: premium = price / 1000 × rate per $1,000. The price is the purchase price (or loan amount, if you are estimating a lender's policy) in dollars, and the rate is the dollars charged for every $1,000 of coverage. If the rate is left empty, 3.5 per $1,000 is used as a starting assumption. Both inputs must be zero or more. The tool applies one single rate to the whole amount. Real title insurance rates are set by each state or rating bureau and are often tiered, with lower rates on higher amounts, and they differ between an owner's and a lender's policy. Discounts for buying both policies together, endorsements, escrow and search fees are not included.

Worked example

A home costs 450,000 and the quoted rate is 3.5 per $1,000 of value. First express the price in thousands: 450,000 / 1000 = 450. Then multiply by the rate: 450 × 3.5 = 1,575. The estimated premium is $1,575.00, paid once at closing. If your quote were 4.2 per $1,000 instead, the same price would give 450 × 4.2 = $1,890.00.

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Common mistakes

  • Entering the rate per $100 as if it were per $1,000. A rate of 0.35 per $100 equals 3.50 per $1,000, so multiply by 10 before entering it.
  • Entering the rate as a percentage. 0.35 percent of the price is 3.50 per $1,000, but typing 0.35 in the rate field would give a premium ten times too small.
  • Using the price when the quote is based on the loan amount, or the other way round. A lender's policy covers the loan, an owner's policy covers the price, so decide which one you are estimating.
  • Treating the figure as the full closing cost. Escrow, recording and search fees are separate, and an owner's and a lender's policy together are often priced differently from the sum of two flat estimates.
  • Relying on the default 3.5. It is only a placeholder; rates and tier rules vary by state, so use the rate from an actual quote or your state's published rate card.

About this calculator

Title insurance protects a homebuyer or lender against financial loss from defects in a property's title — undisclosed liens, forged signatures in the chain of ownership, or clerical errors in public records — that a title search failed to catch. Unlike most insurance, it's a one-time premium paid at closing rather than a recurring payment, typically calculated as a rate per $1,000 (or per $100) of the home's purchase price or loan amount, with rates set by state regulators or title insurance rating bureaus.

Homebuyers, mortgage lenders, real-estate attorneys, and title companies use this kind of premium estimate to budget for closing costs, since title insurance is required by virtually every mortgage lender in the US before a loan will fund.

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  • Editorial team

    Pick the base amount carefully, because the tool just multiplies whatever value you enter. At 3.5 per thousand, a 450,000 price gives 1,575.00, while a 360,000 loan amount gives 1,260.00, which is the difference between estimating an owner's policy and a lender's policy. The tool uses a single flat rate, so it will not show tiered or bundled pricing. Which rate card or quote are you comparing against, and in which state?

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