Title insurance cost


Do you need title insurance?

Family standing in front of their homeA title insurance policy protects the homeowner against fraud, forgery, conflicting wills, missing heirs, and delinquent real estate taxes (among other problems). Virtually all mortgage companies will require the purchase of a "lender's policy". The lender's policy protects the lender if there's a problem with the title to the home. Title insurance companies offer an "owner's policy to protect the homeowner's interest. The main difference between an owner's policy and a lender's policy is that when the loan is paid off, the lender's policy expires, and if a title problem occurs after the expiration of the lender's policy, then, it becomes your problem . . no insurance protection. This is the reason many homeowners purchase an owner's policy along with the lender's policy. The title insurance premium is a flat charge, paid once, usually at closing or settlement. The title insurance cost varies from state to state. In some states the title insurance cost is set by the state, in other states, the cost will vary from title insurance company to title company.

Frequently Asked Questions About Title Insurance

► Can I buy a house without title insurance?

If you are financing the home, the lender will undoubtedly require title insurance because it is the lender who has the most to lose if there is a problem with title. For example, will you continue to pay the mortgage if you discover that the seller failed to pay the property taxes for ten years, or fraud was involved with the sale? If you are purchasing the home with cash, it still makes sense, unless you are purchasing the home from your parent(s) and know absolutely that there are no title issues.

► Can you get a mortgage without title insurance?

Probably not. See above

► Do I have to pay lender's title insurance?

In most states, the buyer pays the lender’s policy, because it is your lender that is requires a title policy.

► Do I need title insurance for a foreclosure?

You bet. Who knows what cobwebs are hanging off the title? It is a foreclosure. The previous homeowner for one reason or another did not pay the mortgage payment. Did the previous owner pay the property taxes, water bill, contractors who worked on the house?

► Do I need title insurance for my house?

Title insurance is a one-time charge to protect you and the lender against a variety of problems that occur with real estate. Like any other type of insurance, the chance of a problem is minimal, but, if there is a problem, the consequences could be massive. How would you feel if after paying your mortgage for 30 years, you're told you don't own the home.

► Does title insurance cover zoning?

Probably not. However, most attorneys or title insurance agents will examine the property boundary lines for compliance to building lines. Speak to your title agent for the definitive answer to this question in your state.

► How much are title insurance fees

Title insurance fees vary from state to state. The title insurance fees in some states like North Carolina are very reasonable. In New York, open up you wallet. Shop around.

► How much does it cost for title insurance

In some states like New York, Pennsylvania, and New Jersey, the cost of title insurance is regulated (set) by the state. Therefore, the cost is fixed and you cannot obtain a discount. However, in many states, the cost is either not set or allowed to be negotiated.

► What are the benefits of title insurance?

Here are a few reasons to obtain title insurance:
Deeds and mortgages by foreigners who may lack lawful capacity to hold title
Deeds and wills by individuals lack legal capacity
Deeds by persons falsely representing their marital status
Federal estate and gift tax liens
Forfeitures of real property due to criminal acts
Forged deeds, wills, mortgages, releases of mortgages and other instruments
Inadequate legal descriptions
Legal capacity of foreign personal representatives and trustees
Legal documents incorrectly recorded
Mistakes in the tax records
Seller impersonation
State inheritance and gift tax liens
Transfer in violation of public policy
Undisclosed heirs
Unpaid Special tax assessments
Utility easements

California Title Insurance Rates and Transfer Tax Calculator

Animated California state flagTitle insurance rates are not regulated by the California Insurance Commission, although the title insurance companies are regulated by the insurance commission.
California title insurance rates and transfer tax calculator

Connecticut Title Insurance Rate and Transfer Tax Calculator

Connecticut State FlagCalculate the CT title insurance rate and Connecticut transfer tax.
Proceed to the Connecticut Title & Transfer Tax Calculator. Connecticut home sellers can estimate their closing costs with the Connecticut Seller Closing Cost Calculator

Paul H. Begemann, Esq.
2764 Whitney Avenue
Hamden, CT 06518
Phone number - 203-230-8739
Serving all of Connecticut

Delaware Title Insurance Rate and DE Transfer Tax Calculator

Delaware State FlagCalculate the DE title insurance costs and Delaware real estate transfer tax for purchases; and refinance rate. Proceed to the Delaware Calculator

Florida

Florida State flagHere's a neat calculator for Florida home sellers and real estate agent. Easily estimate the seller closing costs and "net" to seller. What makes this calculator special is that it will reverse calculate. In other words, enter the desired seller ""net", and the calculator will estimate the ideal sales price to arrive at the desired bottom line. This title calculator will also estimate the Florida title insurance rates.
Florida Seller Cost Calculator

Georgia Title Insurance Rate Calculator | Intangible &Transfer Tax Calculator

Georgia State FlagEasily estimate the title insurance premium and transfer tax in Georgia, including the intangible mortgage tax stamps. Proceed to the Georgia Calculator

Idaho Title Insurance Rate Calculator

Idaho state flagEasily estimate the basic and enhanced title insurance rate for the state of Idaho.
Proceed to the Idaho calculator

Louisiana Title Insurance Rate Calculator

Louisiana state flagEasily estimate the basic and enhanced title insurance rate for the state of Louisiana.
Proceed Louisiana to the calculator

Maine Title Insurance and Transfer Tax Calculator

Maine State FlagEasily estimate the basic and enhanced title insurance costs and rate for the State of Maine. This calculator will also estimate the transfer tax.
Proceed to the Maine Calculator.

Maryland Title Insurance Rate & Transfer Tax (Recordation) Calculator

Maryland State FlagEasily calculate the Maryland title insurance rate and real estate transfer tax; including recordation stamp. Maryland Title Insurance and Transfer Tax Calculator

P. Joy Siegel
Attorney-at-Law/President
Settlement Ink
Real Estate and Title Escrow Services
4719 Chestnut Street,
Bethesda, Maryland 20814
301-907-8800

Massachusetts Title Insurance Rate Calculator | Transfer Tax Calculator

Massachusetts State FlagMassachusetts title insurance cost and transfer tax calculator; including the recordation tax (known as Massachusetts Excise Stamps). Calculate the Massachusetts closing costs.
Proceed to the Massachusetts Calculator
Attention Massachusetts sellers and real estate agents, here's an easy to use calculator to estimate the seller's closing costs and net proceeds in Massachusetts: > Seller Closing Cost Calculator for Massachusetts

Michigan Title Insurance Rate and Transfer Tax Calculator

Michigan state flagEasily estimate the basic and enhanced title insurance rate for the state of Michigan. Calculate the county and state transfer tax.  Proceed to Michigan the calculator

New Hampshire Title Insurance Rate & Transfer Tax Calculator

New Hampshire State FlagCalculate the Massachusetts closing costs, title insurance rate and transfer tax.
Proceed to New Hampshire Calculator

New Jersey Title Insurance, Transfer Tax & Settlement Cost Calculator

New JerseyEasily calculate the New Jersey title insurance cost and NJ transfer tax
Proceed to the New Jersey Title Insurance Calculator

New York Title Insurance Rate, Transfer Tax & Mansion Tax Calculator

New York State FlagCalculate the New York state title insurance rate (zone 1 and zone 2) and transfer tax; including the mansion tax stamp.
Proceed to the New York Title Insurance Calculator

North Carolina Title Insurance Rate & Transfer (Excise) Tax Calculator

North Carolina State FlagCalculate the North Carolina title insurance rates and North Carolina property transfer tax; also known as excise tax, or revenue stamps. This calculator will also estimate the NC land transfer tax where applicable.
Proceed to the New Carolina Title Insurance & Transfer Tax Calculator

Ohio Title Insurance Rate & Transfer Tax (Conveyance Fee) Calculator

Ohio State FlagCalculate the Ohio seller closing costs & fees; including the transfer tax (conveyance fee). Long and short proration calculator.

Proceed to the Ohio Title Insurance Calculator
Proceed to the Ohio Seller Net Calculator

Pennsylvania Title Insurance Rate & Deed Transfer Tax Calculator

PA State FlagTitle insurance rates in Pennsylvania are regulated by the Pennsylvania Insurance Agency. All title insurance companies are required to provide the same title insurance rate for the various title policies. You can calculate the Pennsylvania title insurance rate and Pennsylvania deed tax with this online calculator. Get a title insurance quote with the Pennsylvania Title Insurance Rates & Calculator (Updated for the new title insurance rates effective 7/1/2012).

The State of Pennsylvania imposes a transfer tax for real estate transfer. Read more

Easily estimate the home buyer and seller closing costs with these online calculators:
Buyer Closing Cost Calculator   |   Seller Closing Cost Calculator

Rhode Island Title Insurance Rate & Transfer Tax Calculator

Rhode Island State FlagEstimate the basic and enhanced title insurance rate for the State of Rhode Island. Calculate the (deed) realty transfer tax. Estimate the title premium for residential purchases and refinances. Rhode Island Title Insurance & Transfer Tax Calculator

South Carolina Title Insurance and Deed Transfer Tax Calculator

South Carolina State FlagCalculate the South Carolina title insurance costs and South Carolina property transfer tax.
South Carolina title insurance calculator

Easily estimate the closing costs for South Carolina home sellers, including the South Carolina deed stamps. SC Seller Closing Cost Calculator

Tennessee Title Insurance Rate & Transfer Tax Calculator

Tennessee state flagUse the Tennessee title insurance calculator to estimate the title premium, deed transfer tax and mortgage tax stamps. Proceed to the Tennessee calculator

Texas Title Insurance Calculator

Texas State FlagThe title insurance rates and endorsements are regulated by the Texas Department of Insurance. Consequently, the title insurance cost will be the same for all title insurance companies. Use the Texas Title Insurance Calculator to estimate the title insurance cost in Texas. The Texas calculator was updated to reflect the May 1, 2013 rate change. Easily estimate the seller's closing costs with the Texas Home Seller Closing Cost Calculator

Virginia Title Insurance & Transfer (Recordation) Tax Calculator

Virginia State FlagVirginia Title Insurance Calculator

P. Joy Siegel
Attorney-at-Law/President
Settlement Ink
Real Estate and Title Escrow Services
4719 Chestnut Street,
Bethesda, Maryland 20814
301-907-8800

Washington DC Title Insurance Rate, Transfer Tax & Recordation Tax Calculator

USA FlagEasily calculate the District of Columbia's title insurance rate and transfer tax; including recordation tax stamp.
Proceed to the Washington DC Title Insurance Calculator

P. Joy Siegel
Attorney-at-Law/President
Settlement Ink
Real Estate and Title Escrow Services
4719 Chestnut Street,
Bethesda, Maryland 20814
301-907-8800

West Virginia Title Insurance Rate and Transfer Tax Calculator

West Virginia state flagEasily estimate the basic and enhanced title insurance rate for the state of West Virginia. Calculate the state transfer (excise) tax. 
Proceed to West Virginia the calculator

Wisconsin Title Insurance Rate and Transfer Tax Calculator

Wisconsin State FlagEasily estimate the title insurance premium for the state of Wisconsin. Estimate the state transfer tax. Proceed to Wisconsin calculator.

Easily estimate the seller's closing costs in Wisconsin with the Wisconsin Closing Cost Calculator