Calculator Form
Formula Used
The calculator uses a tiered title premium model. Replace the sample numbers with the approved WFG rate schedule for the selected state.
Tier premium: first tier premium + second tier premium + third tier premium.
Owner premium: max(minimum premium, tier premium), then apply the selected policy multiplier.
Loan premium: concurrent flat charge, loan multiplier, or refinance multiplier.
Final estimate: title premiums + endorsements + escrow + taxes + service fees - credits - discounts.
How to Use This Calculator
Enter the purchase price, policy amount, and loan amount. Choose the transaction type and policy type. Edit the rate tiers, multipliers, local taxes, escrow fee, and service fees. Press the calculate button. The result appears below the header and above the form. Use the export buttons after the calculation.
Example Data Table
| Scenario | Price | Loan | Policy | Rate tier setup | Expected use |
|---|---|---|---|---|---|
| Purchase with loan | $500,000 | $400,000 | Standard owner | 5.75 / 4.25 / 3.25 | Buyer estimate |
| Enhanced purchase | $750,000 | $600,000 | Enhanced owner | 112% multiplier | Expanded coverage quote |
| Refinance | $0 | $300,000 | Loan only | 65% multiplier | Lender policy estimate |
About This Rate Calculator
A WFG National Title rate estimate helps users compare policy premiums and closing fees before an order begins. Real title charges depend on location, filed rate manuals, property type, and underwriting rules. This tool uses editable fields, so offices can enter their own approved schedule. It is designed for planning only. It should not replace a written quote from a licensed title professional.
Why Title Rates Change
Title insurance is different from many simple fees. The premium usually follows the policy amount. Some areas use fixed brackets. Others use rates per thousand dollars. Extra endorsements may apply when a lender asks for special coverage. Refinance files can use a lower loan policy rate. Purchase files may include owner coverage, loan coverage, escrow work, recording, transfer tax, and settlement services. Small changes can move the total closing estimate.
What This Tool Includes
The form separates the estimate into clear parts. You can enter purchase price, loan amount, policy type, transaction type, minimum premium, tiered rates, escrow fees, endorsements, taxes, and service charges. You can also add reissue credits, seller credits, and a discount percentage. The result shows the owner premium, loan premium, escrow total, taxes, fees, credits, and final amount due. The breakdown can be exported as CSV or saved as a simple PDF.
Using Editable Rate Tiers
Editable tiers make the calculator flexible. The first rate covers the first one hundred thousand dollars. The second rate covers the next four hundred thousand dollars. The third rate covers amounts above five hundred thousand dollars. The calculator rounds premiums up to the next dollar. It also applies a minimum premium. These rules create a practical estimate while keeping the setup easy to modify.
Best Practice
Keep your official WFG rate book near you when configuring the form. Confirm whether the file is a purchase, refinance, or concurrent loan policy. Check local transfer taxes and recording charges. Review endorsements before sending numbers to clients. Use the estimate as a working guide, not as a guaranteed settlement statement. When the file is ready, compare this output with your production system and final closing disclosure.
This habit protects accuracy and reduces confusion during busy closing conversations with buyers and sellers today.
FAQs
Is this an official WFG quote?
No. It is a planning calculator. Use your approved WFG schedule and local rules before sharing a final quote.
Can I change the title premium rates?
Yes. Edit the tier rates, minimum premium, multipliers, and flat charges to match your approved rate source.
How does the concurrent loan policy work?
When concurrent coverage is selected, the calculator uses a flat charge for the loan policy instead of the loan multiplier.
Does this include transfer taxes?
Yes. Enter the transfer tax percentage. The calculator multiplies it by the purchase price and adds it to the estimate.
Can I use this for refinance files?
Yes. Choose refinance. The owner premium becomes zero, and the loan premium uses the refinance multiplier.
Why are rate tiers editable?
Title rates vary by place and rule. Editable tiers let you adapt the calculator without changing the main code.
What does the reissue credit do?
It reduces the owner premium by the entered percentage. Use it only when a valid credit applies.
Can I download the result?
Yes. After calculation, use the CSV button for spreadsheet data or the PDF button for a simple report.