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Cost of Title Insurance
In East Texas, it is normal for the seller to pay
for the cost of title insurance in approximately 97 % of all transactions.
Why title insurance ?? - Click here
To determine the cost of your insurance (approx),
For policies (sales price) of $100,001 to $1,000,000,
(1) Subtract $100,000 from the policy (sales Price) amount.
(2) Multiply result by $.00534
(3) Add $843 to the result
Thus for a $500,000 sales price, Subtract $100,000
The result of $400,000 is multiplied by $.00534 = $2,136
$2,136 plus $843 = $2,979 is the cost of the title insurance.
For policies (sales price) of $1,000,001 to $5,000,000,
(1) Subtract $1,000,000 from the policy (sales price) amount.
(2) Multiply result by $.00439
(3) Add 5,649 to the result.
Thus for a $3,000,000 sales price, subtract $1,000,000
The result of $2,000,000 is multiplied by $.00439 = $8,780
$8,780 plus $5,649 = $14,429 is the cost of the title insurance.
Do it the easy way. Look at the table below.
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