Title Insurance on a $1,000,000 Home in Michigan
An owner's title policy on a $1,000,000 purchase in Michigan costs about $3,762, and the lender's policy issued with it about $2,333, $6,095 for both. The owner's policy rate is a flat $375 up to $20,000, $6.40 per $1,000 from $20,000 to $100,000, $4 per $1,000 from $100,000 to $200,000, $3.75 per $1,000 from $200,000 to $300,000, $3 per $1,000 from $300,000 to $1,000,000, $2.50 per $1,000 above $1,000,000, with a minimum premium of $375 (the price is rounded up to the next $1,000).
Nearby prices
| Purchase price | Owner's policy | Lender's policy | Both policies |
|---|---|---|---|
| $150,000 | $1,087 | $728 | $1,815 |
| $200,000 | $1,287 | $853 | $2,140 |
| $250,000 | $1,475 | $963 | $2,438 |
| $300,000 | $1,662 | $1,073 | $2,735 |
| $350,000 | $1,812 | $1,163 | $2,975 |
| $400,000 | $1,962 | $1,253 | $3,215 |
| $450,000 | $2,112 | $1,343 | $3,455 |
| $500,000 | $2,262 | $1,433 | $3,695 |
| $600,000 | $2,562 | $1,613 | $4,175 |
| $700,000 | $2,862 | $1,793 | $4,655 |
| $800,000 | $3,162 | $1,973 | $5,135 |
| $1,000,000 | $3,762 | $2,333 | $6,095 |
Michigan title insurance calculator
Enter a purchase price to see the owner's and lender's policy premiums from the filed Michigan rate schedule.
Who pays
Who pays for the owner's policy in Michigan is negotiable in the purchase contract. The manual sets premiums only; Michigan has no statute assigning the owner's-policy cost, so it is set by local custom (which varies by county, e.g. buyer-pays vs seller-pays conventions differ across Michigan) and the purchase contract. Source
Frequently asked questions
How much is title insurance on a $1,000,000 house in Michigan?
About $3,762 for the owner's policy and $2,333 for the lender's policy when both are issued at closing, $6,095 in total, computed from the Michigan rate schedule. The owner's policy rate is a flat $375 up to $20,000, $6.40 per $1,000 from $20,000 to $100,000, $4 per $1,000 from $100,000 to $200,000, $3.75 per $1,000 from $200,000 to $300,000, $3 per $1,000 from $300,000 to $1,000,000, $2.50 per $1,000 above $1,000,000, with a minimum premium of $375 (the price is rounded up to the next $1,000).
Who pays for title insurance in Michigan?
Who pays for the owner's policy in Michigan is negotiable in the purchase contract. The manual sets premiums only; Michigan has no statute assigning the owner's-policy cost, so it is set by local custom (which varies by county, e.g. buyer-pays vs seller-pays conventions differ across Michigan) and the purchase contract. Source
Sources
- Stewart Title Guaranty Company, All-Inclusive Residential Schedule of Charges for Title Insurance in the State of Michigan, revised 1/9/2024, effective 2/26/2024
- Who pays for the owner's policy in Michigan
Rates as filed or promulgated, checked September 22, 2026. Premiums are computed from the schedule above and rounded to the dollar; endorsements, settlement fees and search fees are separate. All sources.
Michigan title insurance overview → All Michigan buyer closing costs →
Premiums are computed from the rate schedule cited above and rounded to the dollar. This is general information, not financial advice.
Michigan title insurance