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Closing Costs: Duncan, OK

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Duncan, Oklahoma.

Median Home Price
$145K
Population
23K
Avg Monthly Rent
$780
Property Tax Rate
0.88%
Duncan vs Oklahoma Median
The median home price in Duncan is $145,000, which is 31% below the Oklahoma state median of $210,000.

Mortgage Calculator — Duncan, OK

Pre-filled with Duncan median home price and Oklahoma tax/insurance rates. Adjust for your property.

$
$29,000
%
%
years
OK avg
%
$
Monthly Payment (PITI)
$1,140
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$733
per month
Taxes & Insurance
$406
per month
Total Interest Paid
$148K
over 30 years
Total Loan Cost
$264K
all payments
Payment Breakdown
Loan Amount$116,000
Principal & Interest$733
Property Taxes$106
Homeowners Insurance$300
Total Monthly PITI$1,140

Closing Costs — Duncan, OK

Estimated closing costs based on Oklahoma rates and fees applied to Duncan prices.

$
%
Oklahoma: Avg closing costs 1.3% of price. Transfer tax: 0.075%.
Estimated Closing Costs
$8,939
6.2% of purchase price
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Lender Fees
$1,469
origination, underwriting
Third-Party
$2,175
appraisal, title, inspection
Government Fees
$109
transfer taxes, recording
Prepaids + Escrow
$5,187
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,044
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,025
Recording Fee$150
Transfer Tax$109
Prepaid Taxes (3 mo)$319
Prepaid Insurance (12 mo)$3,600
Prepaid Interest (15 days)$349
Escrow Reserves$919
Total Closing Costs$8,939

Buying a Home in Duncan, Oklahoma

The median home price in Duncan is $145,000, 31% below the Oklahoma state median of $210,000. With a population of 22,744, Duncan is a smaller market where home prices tend to be more accessible than in many parts of Oklahoma.

Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $145,000 home in Duncan would carry roughly $106/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.

Average rent in Duncan is $780/month. The price-to-rent ratio in Duncan is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Duncan offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.

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