Follow the default numbers.
With owner policy amount of $500,000, loan policy amount of $375,000, the model gives title premium + entered fees: $2,487.
The formula is applicable state rate tiers, less eligible credit, plus quoted fees. Open the breakdown to trace expenses and assumptions. Change one input at a time to see how your decision changes. This example uses scenario inputs; it is not an offer, tax bill, appraisal or legal determination.
Premium is only one title charge
The owner’s policy protects the owner’s covered interest and the lender policy protects the lender. Their insurance premium is separate from escrow, searches, endorsements, recording and closing protection fees. This calculator adds extra quoted fees only when entered. It does not issue insurance, confirm coverage or identify defects in title.
Use the applicable filed rate
Florida and Texas have implemented, dated basic-rate schedules here. Pennsylvania and New Jersey have filed rating rules; New Mexico promulgates rates; Ohio rates depend on filed schedules. For states without an implemented checked schedule, enter the underwriter’s actual quoted premium. The result explicitly reports quote mode rather than substituting a made-up statewide percentage.
Credits need documentation
Florida reissue treatment requires a qualifying prior policy and other conditions. Texas refinance credits depend on the age and insured balance of an existing loan policy. The entered prior-policy amount is not proof of eligibility. Simultaneous issue can reduce the incremental loan-policy premium, but policy limits, dates and coverage requirements still apply.
Who pays depends on more than the state
Contracts and county custom often allocate the owner policy differently. An allocation is not an insurance-rate rule. Ask the closing agent for an itemized written quote showing basic premium, credit, simultaneous issue and endorsements. Enter the seller’s actual responsibility in the net sheet so the same title charge is not counted twice.
Keep your assumptions with the result
Save the calculation to your deal file to reuse compatible inputs in another tool. The file stays in this browser on this device. Download the CSV to open the complete inputs, results and schedule in Excel or Google Sheets. Use PDF to print the report or save it as a PDF. A share link includes entered financial figures in its URL, so use it only with people you intend to share those numbers with.