Title Policy Calculator
A title policy is mandatory if you are getting a home loan. A title policy protects you and the lender from any property loss or damage they might experience because of liens, encumbrances, or defects in title. (i.e. Basically a title policy makes sure only you and the lender have any claim in the property).
The Title Policy Calculator below is for homes that are purchased in Texas. To determine the title policy for a refinance just put the loan amount as the purchase price.
Note: When buying an pre-existing home in Texas a seller typically pays for the buyer’s title policy; however, if you’re buying new construction then the question of who pays for the title policy is in negotiable. Most builders will require that the buyer go through their preferred lender in order to have the title policy paid for. Below is a title policy calculator that will help determine how much is at stake when negotiating on a home in Texas.