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The cost of Title insurance

December 7, 2010 Leave a comment Go to comments

In East Texas, it is normal for the seller to pay for the cost of title insurance in approximately 97% of all transactions. To determine the cost of your insurance (approx):

For policies (sales price) of $100,001 to $1,000,000:

  1. Subtract $100,000 from the policy (sales Price) amount.
  2. Multiply result by $.00534
  3. Add $843 to the result

Thus for a $500,000 sales price: subtract $100,000. The result of $400,000 is multiplied by $.00534 = $2,136. $2,136 plus $843 = $2,979 is the cost of the title insurance.

For policies (sales price) of $1,000,001 to $5,000,000:

  1. Subtract $1,000,000 from the policy (sales price) amount.
  2. Multiply result by $.00439
  3. Add 5,649 to the result.

Thus for a $3,000,000 sales price: subtract $1,000,000. The result of $2,000,000 is multiplied by $.00439 = $8,780. $8,780 plus $5,649 = $14,429 is the cost of the title insurance.

Do it the easy way. Look at the table below.

Policy Amount Title Insurance Cost   Policy Amount Title Insurance Cost
$100,000 $843   $2,300,000 $11,356
$200,000 $1,377   $2,400,000 $11,795
$300,000 $1,911   $2,500,000 $12,234
$400,000 $2,445   $2,600,000 $12,673
$500,000 $2,979   $2,700,000 $13,112
$600,000 $3,513   $2,800,000 $13,551
$700,000 $4,047   $2,900,000 $13,990
$800,000 $4,581   $3,000,000 $14,429
$900,000 $5,115   $3,100,000 $14,868
$1,000,000 $5,649   $3,200,000 $15,307
$1,100,000 $6,088   $3,300,000 $15,746
$1,200,000 $6,527   $3,400,000 $16,185
$1,300,000 $6,966   $3,500,000 $16,624
$1,400,000 $7,405   $3,600,000 $17,063
$1,500,000 $7,844   $3,700,000 $17,502
$1,600,000 $8,283   $3,800,000 $17,941
$1,700,000 $8,722   $3,900,000 $18,380
$1,800,000 $9,161   $4,000,000 $18,819
$1,900,000 $9,600   $4,100,000 $19,258
$2,000,000 $10,039   $4,200,000 $19,697
$2,100,000 $10,478   $4,300,000 $20,136
$2,200,000 $10,917   $4,400,000 $20,575
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