Calculator Inputs
This tool uses editable assumptions. Replace the sample rates with your quote, location, escrow instructions, or settlement statement values.
Formula Used
Owner policy fee = Sale price ÷ 1,000 × owner rate per 1,000.
Adjusted owner policy = owner policy fee × (1 − reissue discount percentage).
Loan policy fee = Loan amount ÷ 1,000 × loan rate per 1,000.
Adjusted loan policy = loan policy fee − simultaneous issue discount.
Escrow fee = escrow base fee + sale price × escrow rate percentage.
Transfer tax = sale price × transfer tax percentage.
Other fees = endorsements + wire + courier + document preparation + notary + miscellaneous.
Net total = all fees + fee tax − buyer credit − seller credit.
How to Use This Calculator
- Enter the sale price and loan amount.
- Add the owner and loan policy rate per $1,000.
- Enter escrow, recording, transfer, and service fees.
- Add endorsements, custom costs, and any fee tax.
- Set buyer and seller share percentages.
- Add credits when a party receives a closing credit.
- Press the calculate button to view totals above the form.
- Use the CSV or PDF button to save the estimate.
Example Data Table
| Scenario | Sale Price | Loan Amount | Owner Rate | Loan Rate | Escrow Base | Transfer Tax |
|---|---|---|---|---|---|---|
| Standard Purchase | $450,000 | $360,000 | $5.75 | $2.15 | $650 | 0.11% |
| Cash Purchase | $380,000 | $0 | $5.50 | $0.00 | $600 | 0.10% |
| High Value Sale | $875,000 | $700,000 | $4.90 | $1.85 | $900 | 0.15% |
Understanding Old Republic Fee Estimates
What This Calculator Does
An Old Republic fee estimate helps buyers, sellers, and agents study possible closing costs before a transaction reaches settlement. The calculator does not replace an official quote. It gives a planning view using values that you can edit. That flexibility matters because title rates, escrow fees, transfer taxes, recording charges, and endorsements may change by state, county, property type, and file details.
Why Fee Inputs Matter
The largest cost is often the owner title policy. It is usually based on the sale price. A lender policy may also apply when financing is used. Some transactions receive a simultaneous issue discount. Some may receive a reissue discount. These discounts can reduce the final policy charge. Escrow fees may be fixed, percentage based, or a mix of both. Recording fees and transfer taxes are normally location driven.
Buyer and Seller Split
Closing costs are not always paid by one party. Local custom, contract terms, and negotiated credits can shift costs. This calculator includes share percentages for owner policy, loan policy, escrow fees, transfer taxes, and other charges. A buyer share of fifty percent splits that item equally. A buyer share of one hundred percent assigns the item to the buyer. The seller receives the remaining share.
Planning With Better Detail
Use this page before making an offer, reviewing a net sheet, or checking early settlement numbers. Enter your best available fee schedule. Then test different prices, credits, discounts, and split arrangements. The result table shows total cost, buyer cost, and seller cost. The chart makes large fee groups easier to compare. Download the estimate for records. Always confirm final numbers with the title company, escrow officer, lender, and settlement statement.
FAQs
1. Is this an official Old Republic quote?
No. It is an estimating tool. Use official quotes, local rate manuals, and settlement statements for final closing numbers.
2. What is an owner policy fee?
It is a title insurance cost usually based on the property sale price. The buyer, seller, or both may pay it.
3. What is a loan policy fee?
It protects the lender’s interest when financing is used. It is commonly based on the loan amount.
4. Why is there a simultaneous discount field?
Some transactions issue owner and lender policies together. A discount may reduce the lender policy cost in that case.
5. What does reissue discount mean?
A reissue discount may apply when a qualifying prior policy exists. Availability depends on rules, timing, and file details.
6. Can I split fees between buyer and seller?
Yes. Enter buyer share percentages. The calculator assigns the remaining share to the seller automatically.
7. Why do transfer taxes vary?
Transfer taxes depend on local law and property location. Always verify the correct rate for the closing jurisdiction.
8. Can I download the results?
Yes. Use the CSV button for spreadsheet records or the PDF button for a simple printable summary.