Virginia closing cost calculator

Based on September 2026 data, buyer estimates for this $412,000 home draw on the Zillow Home Value Index The down payment equals $82,400, while the loan amount is $329,600.

To arrange your loan, your lender charges a setup fee, which is the largest cost listed. The state clerk’s fee schedule charges $15 each to record a deed and a mortgage when the documents have up to 10 pages. Those three fees, $3.50, $20 and $8, are separate from the $15.

A seller’s existing owner’s title policy may let you qualify for a policy at a lower price. A reissue credit is the name used for this discount. The Virginia title insurance guide recommends requesting a policy copy from the seller.

Virginia calls its transfer tax a recordation tax. Submission of the deed to the county for filing triggers this charge. At 0.25% of the sale price, Virginia’s state rate applies. The statute does not name a payer, but buyers usually cover this charge. The City of Alexandria also names the purchaser as the party responsible for payment.

A second 0.25% mortgage recordation tax also falls to buyers. This charge uses the loan amount, not the sale price.

Sellers generally cover a separate grantor’s tax, which our example leaves out. As a result, it shows no seller costs except commission and the old mortgage payoff. The grantor is the person who sells the home and signs the transfer. Each $500 of the sale price carries 50 cents, for a rate of 0.1%. By agreement, the buyer and seller may have the buyer pay some or all of this tax.

Virginia’s state tax on a $400,000 sale equals $1,000. Among the 36 places charging this tax, including DC, Virginia ranks 23rd from the top.

Enter your locality in the calculator because the property’s location affects the tax. Some areas add charges on top of the state rate.

• The City of Alexandria adds its own local recordation tax of 0.083% on the sale price.
• Deeds in Northern Virginia Transportation Authority localities carry a regional fee of 10 cents per $100, which sellers generally pay unless the parties agree otherwise.
• The Hampton Roads Transportation District charges 6 cents per $100 as a regional deed fee, which sellers generally pay unless both parties agree otherwise.

Refinancing a loan that already paid recordation tax costs 18 cents per $100 up to the first $10 million, not 25 cents. Pick your locality in the calculator to view the extra charges included in your total.

Across the country, buyer's agents collected 2.42% of the sale price on average, according to Redfin. Check both your buyer-agent agreement and your purchase contract for the commission rate and for who has agreed to pay it.

Our calculator does not include commission until you enter a rate. That way, your estimate covers only what you have agreed to pay.

1. Start with the sale price, since most taxes and the title policy use that figure. 2. Enter your down payment amount. The calculator starts at 20% until you change it; lender fees and mortgage tax depend on the loan amount. 3. Local recordation taxes and regional fees are included when you choose your city or county for the estimate. 4. If applicable, enter your commission rate so the buyer or seller side reflects the terms you agreed on.

Put your price into the calculator now to view your cash to close and see who pays each charge. You will then know exactly what you need before you make an offer.

Do you need a lawyer for a Virginia closing?

No. A registered settlement agent may handle a Virginia closing under Virginia State Bar regulations without being a lawyer.

Is property tax charged when closing in Virginia?

Plan for property tax as another cost; this example does not include an estimate of tax due at closing. The US Census puts the median yearly bill for an owner-occupied Virginia home at $2,790, roughly 0.73% of median home value.