About the Title Insurance Calculator
Title insurance protects against losses from defects in a property's title — forgotten liens, forged deeds, recording errors or unknown heirs. There are two policies: a lender's policy, which almost every mortgage lender requires and which covers the loan amount, and an optional owner's policy, which covers your equity for the purchase price. Both are paid once, at closing.
This calculator estimates both premiums. For Florida it applies the state's promulgated rate schedule — $5.75 per $1,000 on the first $100,000 of coverage, $5.00 per $1,000 up to $1 million and lower rates above — plus the $25 simultaneous-issue lender's policy. Florida, like Texas and a few other states, sets title premiums by regulation, so every insurer charges the same risk premium.
In most other states insurers file their own rates, so premiums differ between companies and counties. Choose "Other state" and enter the rate per $1,000 from a title company quote or rate card to estimate your cost. Endorsements, search and settlement fees are charged separately and are not included.
With the default inputs, the total title insurance premium is $2,100.00. Change any value above to recalculate instantly.
How to use the title insurance calculator
- 1Choose Florida rates or "Other state" if you have a local rate card.
- 2Pick purchase or refinance.
- 3Enter the purchase price and the loan amount.
- 4For other states, enter the rates per $1,000 from your title company.
- 5Read the owner's, lender's and total premium to budget for closing.
Formula and method
Florida premiums are tiered per $1,000 of coverage: $5.75 for the first $100,000, $5.00 from $100,000 to $1 million, $2.50 from $1 million to $5 million, $2.25 from $5 million to $10 million and $2.00 above that, with a $100 minimum. The owner's policy is priced on the purchase price. When the lender's policy is issued at the same time it costs $25, plus the regular rate on any loan amount above the owner's coverage. On a refinance, the lender's policy is priced on the loan amount at the original rates.
For other states the calculator multiplies the price (owner's) or loan (lender's) by the rate per $1,000 you enter and adds any simultaneous-issue fee. Coverage is calculated pro rata rather than rounded to whole thousands, so results may differ by a few dollars from a title agent's figure.
- Price
- Owner's policy coverage (purchase price)
- Loan
- Lender's policy coverage (loan amount)
- Rate
- Premium per $1,000 of coverage in each band
Worked examples
Florida purchase: $400k home, $320k loan
The owner's policy is $5.75 × 100 = $575 for the first $100,000 plus $5.00 × 300 = $1,500 for the next $300,000, so $2,075. The lender's policy issued at the same time costs the flat $25, for $2,100 in total.
Florida purchase: $1.5M home, $1.2M loan
Coverage is priced in bands: $575 on the first $100,000, $4,500 on the next $900,000 and $2.50 × 500 = $1,250 on the $500,000 above $1 million, giving $6,325. Adding the $25 simultaneous lender's policy brings the total to $6,350.
Florida refinance of a $250k loan
A refinance needs only a lender's policy, priced at the original rates on the $250,000 loan: $575 on the first $100,000 plus $5.00 × 150 = $750, so $1,325 (before any reissue credit).
Other state at $4.00 per $1,000
With a quoted owner's rate of $4.00 per $1,000, a $500,000 owner's policy costs $2,000. The simultaneous lender's policy adds a $150 flat fee, for $2,150.
Frequently asked questions
How much does title insurance cost?+
It is a one-time premium paid at closing that depends on the state, the coverage amount and the insurer, often well under 1% of the price. In Florida a $400,000 owner's policy costs $2,075 under the promulgated rates, and a simultaneous lender's policy adds just $25.
Do I need owner's title insurance?+
The lender's policy is required by almost every mortgage lender but only protects the lender. The owner's policy is optional and protects your equity for as long as you or your heirs own the home; it is often far cheaper when bought together with the lender's policy.
Who pays for title insurance?+
Buyers almost always pay for the lender's policy. Who pays for the owner's policy is set by local custom and negotiation — in much of Florida the seller pays, while in some South Florida counties such as Miami-Dade the buyer customarily does. Your purchase contract decides.
Can I shop for title insurance?+
Yes. Your Loan Estimate lists title services you can shop for. In promulgated-rate states such as Florida and Texas the premium is the same everywhere, but settlement and search fees still vary, so compare total charges.
Is title insurance cheaper on a refinance?+
Usually. You only need a new lender's policy, and many insurers offer a reissue or refinance discount if the property was insured recently. In Florida the reissue rate is $3.30 per $1,000 up to $100,000 instead of $5.75.
Results are estimates for educational purposes and are not financial advice. Rates, fees and terms vary — confirm with your lender or a licensed advisor before making decisions.