Estimate owner's and lender's title insurance cost using official Florida, Texas, Ohio, New York, and Pennsylvania rate schedules, or a national-average estimate for other states.
Written & fact-checked by the CoverFormula editorial team · Last reviewed 2026-07-29
Title insurance protects against defects in a property's ownership history — undisclosed liens, forged signatures, unpaid taxes, or fraud that could threaten your legal claim to the home. Unlike other insurance, it's a one-time premium paid at closing, not a recurring cost.
By default this calculator uses a simplified national-average rate (roughly $5 per $1,000 of purchase price for the owner's policy, and $2.50 per $1,000 of loan amount for the lender's policy). Select Florida, Texas, Ohio, or New York from the State field to switch to that state's actual official rate schedule — these states set title insurance rates by regulation or rating bureau filing, so every insurer must charge the exact same base premium for the same coverage amount.
Outside Florida, Texas, Ohio, and New York, states like North Dakota, Maryland, and Virginia let insurers set their own rates within regulatory limits — so the same purchase price can produce different quotes not just state to state, but company to company and county to county within a state. A closing in Baltimore, MD or Richmond, VA can quote differently than a closing elsewhere in the same state, even for an identical purchase price. Most insurers in these states also offer a simultaneous-issue discount — buying the owner's and lender's policy together at the same closing — so always ask about it; the national-average estimate above doesn't apply it automatically. Use the calculator's national-average mode as a starting figure, then request an itemized quote from a title company local to your specific city for the real number.
Owner's Policy = Purchase Price × 0.5% · Lender's Policy = Loan Amount × 0.25% · Total = Owner's Policy + Lender's Policy$5.75/$1,000 up to $100,000, +$5.00/$1,000 to $1,000,000, +$2.50/$1,000 to $5,000,000, +$2.25/$1,000 to $10,000,000, +$2.00/$1,000 above $10,000,000, minimum $100Up to $100,000: interpolated between official anchor points ($308 at $25,000, $428 at $44,000, $547 at $63,000, $667 at $82,000, $780 at $100,000) — a close approximation of TDI's full $500-increment table, not the exact figure at every price point. Over $100,000: (Face Value − Bracket Floor) × Bracket Rate + Bracket Base, using TDI's exact published brackets.$5.80/$1,000 up to $250,000, +$4.10/$1,000 to $500,000, +$3.20/$1,000 to $1,000,000, +$3.10/$1,000 to $5,000,000, +$2.90/$1,000 to $10,000,000, +$2.60/$1,000 above $10,000,000, minimum $225. Simultaneous lender's policy (loan ≤ owner's coverage): +$150 flat (Rule PR-6).Minimum $338 (Zone 1) / $382 (Zone 2) for first $35,000, then bracketed per-$1,000 rates through $15,000,000+. Simultaneous lender's policy = 30% of the Loan Rate up to the owner's coverage amount, full Loan Rate on any excess (TIRSA Section 10(C)(1)). Zone 2 = NYC's five boroughs plus Nassau, Suffolk, Westchester, Rockland, Putnam, Orange, Dutchess, Albany, Columbia, Greene, Rensselaer, Sullivan & Ulster; Zone 1 = rest of state.Sale (owner's) rate: $569 flat for first $30,000, +$7.41/$1,000 to $100,000, +$5.93/$1,000 to $500,000, +$4.80/$1,000 to $1,000,000, +$3.84/$1,000 to $2,000,000, +$3.08/$1,000 above $2,000,000. Non-Sale (lender's) rate: $512 flat for first $30,000, +$5.98/$1,000 to $100,000, +$4.74/$1,000 to $500,000, +$3.84/$1,000 to $1,000,000, +$3.07/$1,000 to $2,000,000, +$2.46/$1,000 above $2,000,000. Plus a mandatory $125 Closing Protection Letter (CPL) fee. No documented simultaneous-issue discount found for a combined owner+lender purchase — the two premiums shown are calculated independently.Lender's title insurance is virtually always required if you're financing the purchase. Owner's title insurance is optional but strongly recommended — it's the only policy that protects your own equity in the home, not just the bank's.
It varies by state and local custom. In some states the seller customarily pays for the owner's policy, in others the buyer pays for both policies. Check local convention or ask your closing agent.
Yes — unlike homeowners or life insurance, title insurance is paid once at closing and covers you for as long as you (or your heirs) hold an interest in the property.
Florida, Texas, Ohio, New York, and Pennsylvania are clear examples — each sets (or files through a rating bureau) a single rate schedule that every title insurer must charge, so the premium for a given coverage amount is identical no matter which company you use. Other states allow competitive or filed pricing, so rates vary by title company.
North Dakota doesn't set a fixed statewide rate schedule, so premiums vary by title company and even by county. Use this calculator's national-average mode as a starting estimate, then get an itemized quote from a North Dakota title company — ask about a simultaneous-issue discount for the owner's and lender's policy together.
Within a non-rate-regulated state, yes — insurers can price differently by county or metro area, so a Baltimore, MD or Richmond, VA quote may not match a quote elsewhere in the same state. Use this calculator for a starting estimate, then get a local itemized quote.