How much does title insurance cost, and who pays?

Title insurance cost is based on the purchase price and is a one-time premium paid at closing rather than a recurring expense, and the exact amount comes from the title company or closing attorney handling that specific purchase. Who pays for it is a negotiated contract term, though local custom often has the buyer cover their own owner's policy while also covering the lender's required policy on a purchase loan. A buyer can ask their closing attorney for an exact quote once the purchase price and loan amount are known. Brian Beatty can point a buyer toward that conversation early in the process.