Calculate title insurance costs for Texas real estate transactions. Uses official rates set by the Texas Department of Insurance (TDI).
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Texas Regulates Title Insurance Rates
Unlike most states, Texas title insurance rates are set by the state. All title companies charge the same premium rates. Rates effective September 1, 2019.
🏠 Property Details
Loan Amount: $240,000
📋 Title Insurance Premiums
Total Title Insurance
$0
0.00% of property value
Owner's Policy
Typically paid by seller
$0
Lender's Policy
Typically paid by buyer
$0
💡 Who Pays in Texas? Traditionally, the seller pays for the owner's policy and the buyer pays for the lender's policy. This is negotiable in your purchase contract.
📊 Texas Title Insurance Quick Reference
Common property prices with 20% down payment (80% loan-to-value)
Property Price
Loan Amount (80%)
Owner's Policy
Lender's Policy
Total
$100,000
$80,000
$775
$100
$875
$150,000
$120,000
$1,096
$169
$1,265
$200,000
$160,000
$1,359
$250
$1,609
$250,000
$200,000
$1,622
$331
$1,953
$300,000
$240,000
$1,886
$412
$2,298
$350,000
$280,000
$2,149
$493
$2,642
$400,000
$320,000
$2,413
$574
$2,987
$500,000
$400,000
$2,940
$736
$3,676
$750,000
$600,000
$4,257
$1,141
$5,398
$1,000,000
$800,000
$5,575
$1,546
$7,121
* Rates based on Texas Department of Insurance Basic Premium Rates effective September 1, 2019
📐 How Texas Title Insurance Rates Are Calculated
The Formula (for properties over $100K)
Step 1: Find your price tier Step 2: Price - Tier Base = Difference Step 3: Difference × Rate = Calculated Amount Step 4: Calculated Amount + Base Premium = Final
Title insurance costs in Texas are regulated by the Texas Department of Insurance (TDI), so rates are the same at all title companies. For a $300,000 home, the owner's policy costs approximately $1,886 and the lender's policy costs about $412. The total cost ranges from about 0.5% to 0.9% of the property value, with lower percentages for higher-priced properties.
In Texas, it's customary (but negotiable) for the seller to pay for the owner's title policy and the buyer to pay for the lender's title policy. However, this can vary by county and can be negotiated as part of the purchase contract. In some areas like Bexar County (San Antonio), buyers traditionally pay for both policies.
The owner's title policy is not legally required but highly recommended to protect your ownership rights. However, if you're getting a mortgage, the lender's title policy IS required by virtually all lenders. The lender's policy protects the lender's interest in the property until the loan is paid off.
Title insurance protects against: (1) Unknown liens or encumbrances, (2) Errors in public records, (3) Forged documents, (4) Undisclosed heirs claiming ownership, (5) Boundary disputes, (6) Unpaid property taxes, and (7) Other defects in the title that existed before you purchased the property. It's a one-time premium that protects you for as long as you own the property.
Since Texas regulates title insurance rates, the premium cost is the same regardless of which title company you choose. However, you CAN shop for other closing costs like escrow fees, document preparation fees, and courier fees, which vary between companies. The CFPB recommends comparing at least 3 title companies for these additional fees.
The owner's policy protects YOU (the buyer) for the full property value and lasts as long as you own the home. The lender's policy protects YOUR LENDER for the loan amount and decreases as you pay down the mortgage. If you're paying cash, you only need the owner's policy. If you're financing, you'll typically need both.
⚖️ Disclaimer: This calculator uses Texas Department of Insurance Basic Premium Rates effective September 1, 2019. Actual costs may include additional fees such as escrow fees, search fees, and endorsements. This is for informational purposes only and does not constitute legal or financial advice. Consult with a title company or real estate attorney for your specific transaction.