All quotes for purchase transactions are only applicable to closings
in which Realty Title issues both the owner's and lender's title insurance
policies. In the event the borrower declines to purchase owner's title
insurance, or purchases an owner's policy from another company, then
the simultaneous issue discount will not apply and the lender's title
insurance policy will be charged at the applicable full premium.
The quote for owner's title insurance is for the standard 2006 ALTA
Owner's Policy – a more comprehensive policy is available for
an additional 10% of the quoted premium, and we highly recommend that
expanded policy.
* The custom in many Middle-Tennessee locations is for the seller to pay
for the title search; however, because of the new RESPA rules, HUD
instructs lenders to disclose it as a borrower charge on the GFE, with
a corresponding credit on the HUD-1. The calculator allows you to choose
the appropriate option.
This calculator will not work for VA or THDA loans. Please contact your
nearest Realty Title office for a quote on those loan transactions.
