Texas Title Policy Rates Calculator
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Estimated Title Premium
Owner's Title Policy:
–
Lender's Policy (Simultaneous):
–
Total Premium Estimate:
–
*Rates are based on Texas Department of Insurance (TDI) promulgated rates. Actual closing costs may include tax, recording fees, or endorsements not listed here.
Enter the Sales Price and Loan Amount to see the regulated Texas title insurance rates.
function calculateTitleRates() {
var salesPriceInput = document.getElementById("salesPrice");
var loanAmountInput = document.getElementById("loanAmount");
var resultBox = document.getElementById("resultBox");
var initialMessage = document.getElementById("initialMessage");
var salesPrice = parseFloat(salesPriceInput.value);
var loanAmount = parseFloat(loanAmountInput.value);
if (isNaN(salesPrice) || salesPrice <= 0) {
alert("Please enter a valid Property Sale Price.");
return;
}
if (isNaN(loanAmount) || loanAmount < 0) {
loanAmount = 0;
}
// Logic Source: Texas Department of Insurance (TDI) Formula
// 1. Basic Rate Calculation Function
function getBasicRate(amount) {
var rate = 0;
// Round amount up to nearest integer, but standard TDI chart works on "up to and including"
// Usually calculated per $1000.
if (amount <= 10000) {
rate = 238; // Minimum base
} else if (amount <= 100000) {
// $238 base + $6.60 per thousand over 10k (or part thereof)
// However, TDI uses a specific table.
// Formula approx: Base + ((Amount – 10000) / 1000) * 6.60
// We must subtract 10000, then divide by 1000, multiply by rate.
var overBase = amount – 10000;
var thousands = Math.ceil(overBase / 1000); // Must roundup to next thousand
rate = 238 + (thousands * 6.60);
} else if (amount <= 1000000) { // Up to 1 Million
// Base at 100k is $832 ($238 + 90*6.6 = 832)
var base100k = 832;
var over100k = amount – 100000;
var thousands = Math.ceil(over100k / 1000);
rate = base100k + (thousands * 5.27);
} else if (amount <= 5000000) { // Up to 5 Million
// Calculate base at 1M
// 832 + (900 * 5.27) = 832 + 4743 = 5575
var base1M = 5575;
var over1M = amount – 1000000;
var thousands = Math.ceil(over1M / 1000);
rate = base1M + (thousands * 4.33);
} else if (amount <= 15000000) { // Up to 15 Million
// Calculate base at 5M
// 5575 + (4000 * 4.33) = 5575 + 17320 = 22895
var base5M = 22895;
var over5M = amount – 5000000;
var thousands = Math.ceil(over5M / 1000);
rate = base5M + (thousands * 3.57);
} else if (amount <= 25000000) { // Up to 25 Million
// Calculate base at 15M
// 22895 + (10000 * 3.57) = 22895 + 35700 = 58595
var base15M = 58595;
var over15M = amount – 15000000;
var thousands = Math.ceil(over15M / 1000);
rate = base15M + (thousands * 2.54);
} else { // Over 25 Million
// Calculate base at 25M
// 58595 + (10000 * 2.54) = 58595 + 25400 = 83995
var base25M = 83995;
var over25M = amount – 25000000;
var thousands = Math.ceil(over25M / 1000);
rate = base25M + (thousands * 1.52);
}
return rate;
}
// 2. Calculate Owner's Policy (Based on Sales Price)
var ownerPolicyCost = getBasicRate(salesPrice);
// 3. Calculate Simultaneous Lender's Policy
// If purchased with Owner's policy, Lender's policy is $100 if Loan Amount Sales Price, pay $100 + difference in premium.
var lenderPolicyCost = 0;
if (loanAmount > 0) {
if (loanAmount 0) {
document.getElementById("lenderPolicyResult").innerHTML = "$" + lenderPolicyCost.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
} else {
document.getElementById("lenderPolicyResult").innerHTML = "N/A";
}
document.getElementById("totalPremiumResult").innerHTML = "$" + totalCost.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2});
// Toggle visibility
initialMessage.style.display = "none";
resultBox.style.display = "block";
}
Texas Title Policy Rates Calculator
Understanding closing costs in Texas requires navigating the specific regulations set forth by the state. Unlike many other states where title insurance premiums are competitive and vary between providers, Texas utilizes promulgated rates. This means the premium you pay for a title policy is fixed by Texas law based on the coverage amount, ensuring consistency across all title companies.
How Texas Title Insurance Rates Are Calculated
The Texas Department of Insurance (TDI) establishes the rate schedule. The basic premium for an Owner's Policy of Title Insurance is based on the sale price of the property (or the coverage amount). As the value of the property increases, the rate per thousand dollars generally decreases, following a tiered structure.
The Rate Tiers (Estimates)
| Policy Amount |
Rate Calculation Logic |
| Up to $100,000 |
Basic Rate (Starts at ~$238, up to ~$832) |
| $100,001 to $1,000,000 |
Base + $5.27 per $1,000 |
| $1,000,001 to $5,000,000 |
Base + $4.33 per $1,000 |
| $5,000,001 to $15,000,000 |
Base + $3.57 per $1,000 |
| $15,000,001 to $25,000,000 |
Base + $2.54 per $1,000 |
| Over $25,000,000 |
Base + $1.52 per $1,000 |
Simultaneous Issue: The Lender's Policy
Most real estate transactions involving a mortgage require two policies: an Owner's Policy (protecting the buyer) and a Lender's Policy (protecting the bank). In Texas, if these are purchased simultaneously (which is the standard practice at closing), the Lender's Policy is issued at a significantly discounted rate—typically a flat fee of $100.00, provided the loan amount does not exceed the owner's coverage amount.
If the loan amount is higher than the sales price (for example, if financing includes renovation costs), the borrower pays the $100 simultaneous fee plus the difference in premium between the loan amount and the sales price.
Who Pays for Title Insurance in Texas?
While the rates are fixed by law, the party responsible for paying the premium is negotiable. In many Texas residential contracts:
- Owner's Policy: Often paid by the Seller, though this is a common negotiation point.
- Lender's Policy: Almost always paid by the Borrower (Buyer), as it is a condition of the loan.
R-8 Credits and Refinancing
If you are refinancing a property in Texas, you may be eligible for an "R-8 Credit." This is a reduction in the premium based on the age of the existing mortgage policy. The credit can range from 15% to 50% depending on how recently the previous policy was issued. This calculator provides the standard rates for purchase transactions and does not automatically apply R-8 refinance credits.