Title Insurance Cost Calculator — United States

Title insurance is a one-time premium usually priced per $1,000 of the purchase price, commonly $2-$7 per $1,000 depending on the state and insurer. On a $400,000 home that is roughly $2,000 for an owner's policy. A lender's policy costs less, especially with a simultaneous-issue discount.

A lender's policy protects the mortgage lender up to the loan amount and is almost always required. An owner's policy protects your equity and is optional but strongly recommended, since the lender's policy provides you no protection. Buying both together usually earns a discount.

It depends on local custom and negotiation. In some states the seller customarily pays for the owner's policy while the buyer pays for the lender's policy; in others the buyer pays both. Because title insurance is a significant closing cost, who pays is frequently negotiated in the purchase agreement.

It is a one-time premium paid at closing. The owner's policy protects you for as long as you (or your heirs) own the property, with no renewals or monthly payments. This differs from homeowners insurance, which is an ongoing annual cost.