Louisiana Title Insurance Rate Calculator



Louisiana state flagBasic title insurance policies and endorsements must be filed with the Commissioner of Insurance. Deed Transfer Taxes and Documentary Stamps - Orleans Parish is the only parish in Louisiana that has a transfer tax. This is known as the "Documentary Transfer Tax" and covers both conveyances and mortgages. In the typical residential acquisition and mortgage situation, (i.e. the two are part of a single transaction), the tax is $325 and is the responsibility of the seller, unless varied by contract. In a residential refinance, the tax is also $325, and is the responsibility of the borrower. With regard to commercial transactions, the tax is $325, encompassing the first 10 pages filed; additional pages are charged at $100 per page up to a total for the transaction of $2,525. Recording fees vary by parish. Search and Examination Fees - The purchaser usually pays for the search and examination fees in Louisiana. Title Insurance Rates - Title insurance rates must be filed with the Commissioner of Insurance in Louisiana. The purchaser customarily pays for both the owner and loan title policies. SOURCE: Stewart Title Guaranty  Add this title insurance rate calculator to your web site - E-mail

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  LOUISIANA TITLE INSURANCE RATE CALCULATOR
   
         
   
  SELLING PRICE        
           
  LOAN AMOUNT        
     
      BASIC TITLE RATE   ENHANCED TITLE RATE   DIFFERENCE  
    Owners Policy Rate        
    Loan Policy Rate        
               
  SIMULTANEOUS ISSUANCE OF OWNER’S AND MORTGAGEE’S POLICIES  
  When simultaneous issue of Owner’s and Loan Policies covering identical land are issued, the combined rate for the simultaneously issued policies shall be the applicable Owners Rate plus $100 for each Standard Loan Policy issued, and $125 for each Expanded Coverage Residential Loan Policy issued, provided that the applicable Loan Policy (or if more than one Loan Policy is issued, then the aggregate amount of the Loan Policies) does not insure in an amount in excess of the Owner’s Policy.

When the amount of coverage of an existing Owner’s Policy is increased with the simultaneous issue of a new loan policy covering identical land, the combined rate for the simultaneous increase in owner’s coverage and issuance of the loan policy shall be the applicable Owners Rate for the increase in owner’s coverage plus $100 for each Standard Loan Policy issued, and $125 for each Expanded Coverage Residential Loan Policy issued, provided that the applicable Loan Policy (or if more than one Loan Policy is issued, then the aggregate amount of the Loan Policies) does not insure in an amount in excess of the simultaneous increase to the Owner’s Policy.

In both cases, when the total of the insurance for the Loan Policy or Policies exceeds the new or increased insurance of the Owner’s Policy, the rate for such excess shall be the Original Rate for the applicable Loan Policy in the applicable bracket or brackets for such excess amount. To qualify for simultaneous issuance rate, the mortgagor in the mortgage, the lien of which is insured by the Loan Policy,

SOURCE: Stewart Title Guaranty Company