1. What is the First American Title Fee?

The First American Title Fee is a charge for title insurance and related services provided by First American Financial Corporation during real estate transactions. This fee is typically based on the purchase price of the property.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( \text{Home Price} \) — The purchase price of the property in USD
• \( \text{First American Rate} \) — The percentage rate charged by First American Title

Explanation: The title fee is calculated by multiplying the home price by the First American rate percentage (converted to decimal).

3. Importance of Title Fee Calculation

Details: Accurate title fee estimation helps sellers budget for closing costs and understand the net proceeds from their home sale.

4. Using the Calculator

Tips: Enter the home price in USD and the First American rate as a percentage (e.g., 0.5 for 0.5%). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What does the First American Title Fee cover?
A: It typically covers title search, examination, insurance premium, and closing services.

Q2: Is this fee negotiable?
A: In some cases, title insurance rates may be negotiable or subject to discounts.

Q3: How does this compare to other title companies?
A: First American's rates are generally competitive but may vary by location and transaction type.

Q4: Are there additional fees beyond this calculation?
A: Yes, there may be additional charges for endorsements, courier fees, or other services.

Q5: Does this include lender's title insurance?
A: This calculator estimates the seller's portion; lender's title insurance would be an additional cost.