​Pennsylvania Title Insurance Calculator

The Pennsylvania Department of Insurance sets the title insurance rates for the state. This is a one-time premium payment that is handled as part of the settlement.

Title insurance fees can vary from state to state. However, in Pennsylvania, the cost of an owner’s title insurance policy is based on the property's purchase price. The lender’s title insurance cost is calculated based on the loan amount.

The buyer typically pays for both types of title insurance in a Pennsylvania real estate transaction. While this is common practice, it can be negotiated as part of the sale. Again, this can vary based on geographical location.

Yes, each title insurance policy will require a one-time premium payment. If you are buying an owner’s title insurance policy and a lender’s title insurance policy, each will require a payment.

Not always. Remember, the owner’s title insurance policy in Pennsylvania is based on the purchase price while the lender’s title insurance policy is calculated on the loan amount. These are not always the same amount.

Because a lender’s title insurance policy is tied to the loan, the lender will often require a new policy when refinancing. The reason for this is that the old loan will be satisfied, terminating the old title policy. A new loan will be drawn up — and a new insurance policy will be needed to protect it.

How long title insurance coverage lasts depends on the type of policy. For instance, an owner’s policy will protect you and your heirs for as long as you have an interest in the property. A lender’s policy will protect the lender until the loan is satisfied.