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What is the cost of title insurance in Massachusetts Plymouth county for a 355000.00 home?
Wiki User
∙ 14y ago
Most lender insurance is $2.50 per $1000 of the loan and owner's insurance (which includes lender's insurance as well) is $3.75 per $1000 of the sale price of the home plus $175. It's not fixed or regulated in MA, so prices may vary. So, if you paid $355,000 for a home, owner's & lender's insurance combined would be $1,506.25 at these prices. If you got a loan for 95% of the cost ($337,250) and didn't want owner's insurance, the cost of lender's insurance would be $843.13.
Lender's insurance is mandatory, owner's is optional. Owner's lasts until you sell the home, I believe lender's would have to be purchased again if you refinanced.
Wiki User
∙ 14y ago
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