Virginia Closing Costs Calculator
Estimate closing costs for buying a home in Virginia. Average closing costs run 1.5% of the purchase price (about $6K on the median home).
Virginia: Avg closing costs 1.5% of price. Transfer tax: 0.25%.
Lender Fees
$3,305
origination, underwriting
Third-Party
$3,450
appraisal, title, inspection
Government Fees
$1,000
transfer taxes, recording
Prepaids + Escrow
$4,585
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,880
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,300
Recording Fee$150
Transfer Tax$1,000
Prepaid Taxes (3 mo)$820
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$962
Escrow Reserves$1,103
Total Closing Costs$12,340
Virginia Housing at a Glance
Median Home Price
$400K
Virginia statewide
Property Tax Rate
0.82%
$273/mo on median
Avg Closing Costs
$6K
1.5% of purchase price
Homeowners Insurance
$1,700/yr
$142/mo
Virginia First-Time Buyer Program
Virginia Housing DPA Grant
Down payment assistance: Up to 2.5% grant