Maryland

OWNER'S POLICY

The owner's policy protects against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home.

Policy rates do not include the $75 simultaneous issue fee.

Standard coverage

Amount of Insurance Cost Factor Plus On Amount Over
Up to $250k $3.75/$1k -- --
$250,001 to $500,000 $937.50 $3.25/$1k $250k
$500,001 to $1 million $1,750.00 $2.75/$1k $500k
$1,000,001 to $5 million $3,125.00 $2.20/$1k $1 million
$5 million to $15 million $11,925.00 $1.75/$1k $5 million
$15 million+ $29,425.00 $1.50/$1k $15 million

Enhanced coverage

Amount of Insurance Cost Factor Plus On Amount Over
Up to $250k $4.60/$1k -- --
$250,001 to $500,000 $1,150.00 $3.95/$1k $250k
$500,001 to $1 million $2,137.50 $3.30/$1k $500k
$1,000,001 to $5 million $3,787.50 $2.60/$1k $1 million
$5 million to $15 million $14,187.50 $2.20/$1k $5 million
$15 million+ $36,187.50 $1.80/$1k $15 million

LENDER'S POLICY

The lender's policy protects the mortgage holder (the institution that owns the mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.

Standard coverage

Amount of Insurance Cost Factor Plus On Amount Over
Up to $250k $2.65/$1k -- --
$250,001 to $500,000 $662.50 $2.25/$1k $250k
$500,001 to $1 million $1,225.00 $1.90/$1k $500k
$1,000,001 to $5 million $2,175.00 $1.60/$1k $1 million
$5 million to $15 million $6,400.00 $1.30/$1k $5 million
$15 million+ $19,400.00 $1.00/$1k $15 million
We offer an enhanced lender's title policy upon request.
E-mail info@federaltitle.com to inquire.

When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the purchase price is $600k and a standard owner's title policy is purchased, the cost is calculated by multiplying:

250 x $3.75 = $937.50
250 x $3.25 = $812.50
100 x $3.30 = $330.00

Total = $2,116.00
+ (Simultaneous Rate) $75
Grand Total = $2,191.00

Simultaneous issue transaction

When an owner's policy and a loan policy are issued simultaneously, the rate applicable for the owner's policy shall be the regular owner's rate. In all cases the owner's policy shall be issued for the sale price of the property or, in the even there is no sale, the value of the premises.

An additional $75 will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company "Eagle Policy." Quotes for other title insurance products are available upon request.

Title insurance re-issue rate policy

To qualify for a reissue rate, the borrower must provide the (seller's) current owner's title policy, which must be less than 10 years old. The reissue rate is based on the face amount (coverage) of the (seller's) current policy.

However, if the buyer qualifies for the REAL Credit™ program, then we can only honor EITHER the re-issue rate or the REAL Credit™ – but not both.

View refinance rates