Closing Cost Estimator

State-specific estimates for buyers and sellers · All 50 states

Transaction Details

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%

Loan amount: $240,000

Texas Specifics

Transfer Tax: No transfer tax
Title Insurance: $5.00/$1K
Attorney Required: No
Transfer Tax Paid By: N/A

Title insurance rates are set by the Texas Department of Insurance. No transfer tax but higher title insurance costs.

Methodology & Limitations

This estimator uses state-level transfer tax rates, title insurance rate averages, and industry-standard fee ranges compiled from state statutes, ALTA surveys, and CFPB Closing Disclosure data. Actual costs may vary based on: county and municipal surcharges, specific lender fees, negotiated agent commissions, property-specific factors (e.g., survey requirements), and market conditions. Prepaid taxes use a 1.2% national average property tax rate; your actual rate may differ significantly. This tool provides estimates for planning purposes — your actual Closing Disclosure from the title company or attorney will reflect final numbers.

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Estimated Buyer Closing Costs

$9,475

3.2% of purchase price

Purchase Price

$300,000

Loan Amount

$240,000

Cash Needed at Close

$69,475

Down payment + closing costs

Itemized Breakdown

Loan Origination Fee$1,800
Appraisal$500
Credit Report$50
Flood Certification$25
Underwriting Fee$750
Home Inspection$400
Owner's Title Insurance$1,500
Lender's Title Insurance$600
Title Search$300
Closing/Settlement Fee$500
Recording Fees$150
Prepaid Property Taxes (3 mo.)$900
Prepaid Homeowner's Insurance (12 mo.)$1,200
Escrow Account Setup$800
Total Estimated Closing Costs$9,475

Sources: State statutes, ALTA rate filings, CFPB Closing Disclosure standards, HUD guidelines. Estimates only — actual costs will vary.