Texas Title Policy Calculator

Texas Title Policy Premium Calculator

Use this calculator to estimate the owner's and loan policy premiums for a real estate transaction in Texas. Texas title insurance rates are regulated by the Texas Department of Insurance (TDI) and are standard across all title companies.

Property Sales Price (USD):

Loan Amount (USD):

Is this a refinance transaction?

Understanding Texas Title Insurance

Title insurance is a form of indemnity insurance that protects lenders and/or property owners from financial loss sustained from defects in a title to a property. In Texas, unlike many other states, title insurance premiums are regulated by the Texas Department of Insurance (TDI). This means that the base premium for a title policy will be the same regardless of which title company you choose.

Owner's Policy vs. Loan Policy

Owner's Policy: This policy protects the property owner from financial loss due to title defects that existed prior to the purchase of the property. It's typically purchased by the buyer and is based on the full sales price of the home.
Loan Policy (Lender's Policy): This policy protects the lender's investment in the property. It ensures that the lender has a valid, enforceable lien on the property and is typically required by lenders when a mortgage is involved. The premium is based on the loan amount.

How Premiums Are Calculated

Texas title insurance premiums are calculated using a tiered rate schedule set by the TDI. The rates decrease as the property or loan amount increases. For example, the first $100,000 of value has a higher rate per $1,000 than subsequent tiers. This calculator uses the standard TDI Basic Premium Rate Schedule to provide an estimate.

Simultaneous Issue Discount

When an Owner's Policy and a Loan Policy are issued at the same time for the same property (e.g., during a home purchase with financing), the Loan Policy premium receives a significant discount. Under TDI regulations, the Loan Policy premium is reduced to a flat $100 when issued simultaneously with an Owner's Policy.

Refinance Transactions

During a refinance, a new Loan Policy is typically required to protect the new lender. An Owner's Policy is generally not re-issued unless there's a change in ownership. The Loan Policy premium for a refinance is calculated at the full rate based on the new loan amount, as there is no simultaneous issue discount with an Owner's Policy in this scenario.

Important Considerations

This calculator provides an estimate for the base title insurance premium only. It does not include other potential closing costs such as:

Endorsements (additional coverages for specific risks)
Escrow fees
Recording fees
Attorney fees
Survey costs
Property taxes or HOA dues

Always consult with a licensed title company or real estate professional for a comprehensive quote tailored to your specific transaction.

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Estimated Loan Policy Premium (Refinance): $" + loanPolicyPremium.toFixed(2) + "

"; hasLoanPolicy = true; } else { resultHTML = "Please enter a valid Loan Amount for a refinance transaction."; } } else { // Purchase transaction if (salesPrice > 0) { ownerPolicyPremium = calculatePremium(salesPrice); totalPremium += ownerPolicyPremium; resultHTML += "

Owner's Policy Premium: $" + ownerPolicyPremium.toFixed(2) + "

"; hasOwnerPolicy = true; } if (loanAmount > 0) { if (hasOwnerPolicy) { loanPolicyPremium = 100; // Simultaneous issue discount resultHTML += "Loan Policy Premium (Simultaneous Issue): $" + loanPolicyPremium.toFixed(2) + ""; } else { loanPolicyPremium = calculatePremium(loanAmount); resultHTML += "Loan Policy Premium: $" + loanPolicyPremium.toFixed(2) + ""; } totalPremium += loanPolicyPremium; hasLoanPolicy = true; } if (!hasOwnerPolicy && !hasLoanPolicy) { resultHTML = "Please enter a valid Property Sales Price or Loan Amount for a purchase transaction."; } } if (totalPremium > 0) { resultHTML += "

Total Estimated Title Premium: $" + totalPremium.toFixed(2) + "

"; resultHTML += "Note: This estimate includes base premiums only and does not account for endorsements or other closing costs."; } resultDiv.innerHTML = resultHTML; }