Pa Title Insurance Calculator

Pennsylvania Title Insurance Premium Calculator

Standard Owner's Policy Enhanced Owner's Policy (+10%)

Estimated Premium Breakdown

*Estimates are based on the TIRBOP (Title Insurance Rating Bureau of Pennsylvania) all-inclusive rate schedule.

function calculatePATitlePremium() { var price = parseFloat(document.getElementById('purchasePrice').value); var type = document.getElementById('policyType').value; var resultArea = document.getElementById('resultArea'); var premiumOutput = document.getElementById('premiumOutput'); if (isNaN(price) || price <= 0) { alert('Please enter a valid purchase price.'); return; } var premium = 0; // TIRBOP Standard All-Inclusive Rates (Representative Tiers) if (price <= 30000) { premium = 330; } else if (price <= 100000) { // $330 for first 30k + $5.63 per $1000 for next 70k premium = 330 + ((price – 30000) / 1000) * 5.63; } else if (price <= 500000) { // $724.10 for first 100k + $4.48 per $1000 for next 400k premium = 724.10 + ((price – 100000) / 1000) * 4.48; } else if (price <= 1000000) { // $2,516.10 for first 500k + $3.74 per $1000 for next 500k premium = 2516.10 + ((price – 500000) / 1000) * 3.74; } else if (price <= 2000000) { // $4,386.10 for first 1M + $3.12 per $1000 for next 1M premium = 4386.10 + ((price – 1000000) / 1000) * 3.12; } else { // $7,506.10 for first 2M + $2.50 per $1000 for remaining premium = 7506.10 + ((price – 2000000) / 1000) * 2.50; } // Apply Enhanced Policy Surcharge (Typically 10% in PA) if (type === 'enhanced') { premium = premium * 1.10; } premiumOutput.innerHTML = '$' + premium.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2}); resultArea.style.display = 'block'; }

Buying a home in the Keystone State involves unique closing costs, one of the most significant being title insurance. Unlike many other states where rates are competitive and vary wildly between companies, Pennsylvania operates on an "all-inclusive" rate structure regulated by the Title Insurance Rating Bureau of Pennsylvania (TIRBOP).

How PA Title Insurance Rates Work

In Pennsylvania, the premium you pay for title insurance covers several services that are often billed separately in other states. This "all-inclusive" fee typically covers:

• The title search and examination.
• The insurance premium for the policy itself.
• The settlement or closing fee.

Because these rates are filed with and approved by the Pennsylvania Insurance Department, every title agency in the state is required to charge the same premium for the same transaction type and liability amount.

Standard vs. Enhanced Policies

When using the PA title insurance calculator, you will notice an option for Standard vs. Enhanced coverage. In Pennsylvania, the Enhanced Policy (often called the Homeowner's Policy of Title Insurance) typically costs an additional 10% of the standard premium.

The Enhanced policy offers additional protections not found in the standard policy, such as:

• Protection against future encroachments.
• Post-policy forgery protection.
• Zoning violations.
• Building permit violations.
• Automatic value increases (inflation protection).

Pennsylvania Tiered Rate Examples

The premium is calculated based on the purchase price of the property using a tiered sliding scale. Here are realistic examples of what you might expect to pay in PA:

• $200,000 Purchase: Approximately $1,172.10 (Standard Rate).
• $350,000 Purchase: Approximately $1,844.10 (Standard Rate).
• $500,000 Purchase: Approximately $2,516.10 (Standard Rate).

Who Pays for Title Insurance in PA?

While everything in a real estate contract is negotiable, the standard practice in Pennsylvania is that the buyer pays for the title insurance premium. This includes both the Owner's Policy (to protect the buyer) and the Lender's Policy (required by the bank).

The Reissue Rate Discount

You may be eligible for a "Reissue Rate" if the seller of the property has an existing title insurance policy that is less than 10 years old. This can result in a discount of approximately 10% to 20% off the standard rate. However, recent changes to TIRBOP manual rules have simplified many of these calculations into the standard all-inclusive table currently used by most agencies.

Important Note: This calculator provides an estimate of the premium only. It does not include government recording fees, transfer taxes (which are typically 2% in PA, split between buyer and seller), or specific endorsement fees (such as EPA or PUD endorsements) that your lender may require.