* These figures are estimates based on standard rate schedules similar to those used by Corinthian Title. Actual rates may vary by specific geographic zone, endorsements required, and underwriter selection. Please contact a title officer for a binding quote.
Understanding Your Corinthian Title Rate Estimate
When purchasing or refinancing real estate, one of the most critical yet often overlooked costs is title insurance. The Corinthian Title Rate Calculator provides homeowners, buyers, and real estate professionals with a precise estimate of the title premiums and escrow fees associated with a transaction.
What is Corinthian Title Insurance?
Title insurance is a form of indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. Unlike typical insurance that protects against future events, title insurance protects against claims for past occurrences, such as unknown liens, encumbrances, or forged transfer documents. Corinthian Title Company acts as the agent ensuring that the transfer of property ownership is clean and legally binding.
Breakdown of Fees
The calculator above breaks down your costs into three primary categories:
Owner's Title Policy: This protects the buyer (new owner) for the full purchase price of the home. It is usually a one-time fee paid at closing that lasts as long as you or your heirs own the property. In many counties, it is customary for the seller to pay this fee, though it is negotiable.
Lender's Title Policy: If you are taking out a mortgage, the bank will require a separate policy to protect their loan interest. If purchased simultaneously with an Owner's Policy, the Lender's Policy is often significantly discounted (known as a "simultaneous issue" rate).
Escrow Fees: These are the fees paid to the neutral third party (Corinthian Title's Escrow division) that handles the exchange of money and documents. This fee is typically calculated based on the sales price of the property.
How Title Rates Are Calculated
Title insurance rates are not arbitrary; they are filed with the state insurance commissioner. While they vary slightly between underwriters, the structure is generally tiered based on the liability amount (the sales price or loan amount).
For example, a typical rate schedule might look like this:
Base Rate: A fixed cost for the first $100,000 of liability.
Tier 1 ($100k – $500k): An added cost per $1,000 of value.
Tier 2 ($500k – $1M): A slightly lower added cost per $1,000.
Tier 3 ($1M+): The lowest incremental cost per $1,000.
Purchase vs. Refinance Transactions
The cost structure differs depending on the transaction type:
In a Purchase transaction, the Owner's Policy is based on the full sales price. The Lender's Policy is an add-on. In a Refinance transaction, the homeowner already owns the property, so they generally do not need a new Owner's Policy. They only need to purchase a new Lender's Policy for the new bank loan. Consequently, title fees for refinances are typically much lower than for purchases.
Why Use a Title Rate Calculator?
Closing costs can total 2% to 5% of the home's purchase price. By using this calculator, you can:
Prepare accurate "Net Sheets" for sellers to determine their final profit.
Ensure buyers have sufficient "Cash to Close" before the transaction completes.
Compare fees between different title service providers.
function toggleInputs() {
var type = document.getElementById('transactionType').value;
var label = document.getElementById('propertyValue').previousElementSibling;
if (type === 'refinance') {
label.innerText = "Estimated Property Value ($)";
} else {
label.innerText = "Sales Price / Property Value ($)";
}
}
function formatCurrency(num) {
return '$' + num.toFixed(2).replace(/\d(?=(\d{3})+\.)/g, '$&,');
}
function calculateCorinthianRates() {
// 1. Get Inputs
var propVal = parseFloat(document.getElementById('propertyValue').value);
var loanVal = parseFloat(document.getElementById('loanAmt').value);
var type = document.getElementById('transactionType').value;
var zone = document.getElementById('propertyCounty').value;
// Validation
if (isNaN(propVal) || propVal < 0) {
alert("Please enter a valid Property Value.");
return;
}
if (isNaN(loanVal)) loanVal = 0; // Loan can be 0 for cash buyers
// 2. Define Rate Logic (Simulation of standard Title tiers)
// Note: These are representative algorithms, not live API calls.
var ownerPolicy = 0;
var lenderPolicy = 0;
var escrowFee = 0;
// — Owner's Policy Logic (Based on PropVal) —
// Formula simulation:
// 0-100k: $850 base
// 100k-500k: +$5.75 per 1000
// 500k-1M: +$4.50 per 1000
// 1M-2M: +$3.50 per 1000
// 2M+: +$2.50 per 1000
if (type === 'purchase') {
if (propVal 0) {
var tier2 = Math.min(remaining, 500000);
ownerPolicy += (tier2 / 1000) * 4.50;
remaining -= tier2;
}
// Tier 1M-2M
if (remaining > 0) {
var tier3 = Math.min(remaining, 1000000);
ownerPolicy += (tier3 / 1000) * 3.50;
remaining -= tier3;
}
// Tier 2M+
if (remaining > 0) {
ownerPolicy += (remaining / 1000) * 2.50;
}
}
} else {
// Refinance usually doesn't need an Owner's Policy
ownerPolicy = 0;
}
// — Lender's Policy Logic —
if (type === 'purchase') {
if (loanVal > 0) {
// Simultaneous Issue Rate (usually flat or very low percentage)
// Approx $400 – $600 depending on region
lenderPolicy = 450;
// Adjust slightly for very large loans
if (loanVal > 1000000) lenderPolicy += 250;
}
} else {
// Refinance Rate (Based on Loan Amount, usually discounted from standard rate)
// Approx 70% of standard owner rate calculation based on Loan Amount
var baseRefiRate = 0;
if (loanVal <= 100000) {
baseRefiRate = 600;
} else {
baseRefiRate = 600;
var remLoan = loanVal – 100000;
// Simplified linear add for refi
baseRefiRate += (remLoan / 1000) * 3.50;
}
lenderPolicy = baseRefiRate;
}
// — Escrow Fee Logic —
// Base $2 per 1000 of price + $250 base fee
// Usually minimum $500
if (type === 'purchase') {
escrowFee = 250 + (propVal / 1000) * 2.0;
} else {
// Refinance escrow is usually cheaper/flat fee
escrowFee = 450 + (loanVal / 1000) * 1.0;
}
if (escrowFee < 500) escrowFee = 500;
// Zone Multiplier (Simulating different county fees)
if (zone === 'zone2') {
ownerPolicy = ownerPolicy * 0.9; // Rural might be cheaper or different
escrowFee = escrowFee * 0.9;
}
// Rounding
ownerPolicy = Math.round(ownerPolicy);
lenderPolicy = Math.round(lenderPolicy);
escrowFee = Math.round(escrowFee);
var total = ownerPolicy + lenderPolicy + escrowFee;
// 3. Output Results
document.getElementById('ownerPolicyRes').innerText = formatCurrency(ownerPolicy);
document.getElementById('lenderPolicyRes').innerText = formatCurrency(lenderPolicy);
document.getElementById('escrowFeeRes').innerText = formatCurrency(escrowFee);
document.getElementById('totalFeeRes').innerText = formatCurrency(total);
// Show result div
document.getElementById('resultsArea').style.display = 'block';
}