Lenders title insurance fee less than Title Insurance – it is about 1/3 the cost of Title Insurance. The cost of the Lender’s title insurance depends on the buyer’s loan amount (not the purchase price). The larger the loan amount, the larger the lenders title insurance premium. I personally calculate Lender title insurance using a title company rate sheet.
Typically Lenders Title Insurance costs between $500 (500K loan) -$1,500 (2.5M loan) depending on the size of the loan. For a 10M loan lender title insurance might be as much as $3,000 – that is about as high as it goes.
Like Title Insurance, with Lenders Title Insurance you only pay the premium once and it is good for the life of the loan. You do need to pay for Lenders title insurance again if you refinance because that is a new loan.