Georgia buyer closing costs and cash to close
A Georgia buyer pays about $9,012 in closing costs on a $315,000 home with 20% down. That is 2.9% of the price. Prepaids add about $3,570. Cash to close is about $74,169.
See the lender fees, title, mortgage taxes, prepaids and down payment on a typical home loan.
Free Georgia buyer cash to close calculator
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| Intangible recording tax on new loan | $756 |
| Deed recording fee | $25 |
| Mortgage recording fee | $25 |
| Down payment (20%) | $63,000 |
| Title insurance and settlement | $3,976 |
| Lender fees | $4,230 |
| Prepaids and escrow reserves | $3,570 |
| Property tax credit from seller | −$1,414 |
| Estimated cash to close | $74,169 |
- Closing costs on $315,000
- About $9,012
- Owner's title policy
- Buyer pays
- Cash to close, 20% down
- About $74,169
How much are buyer closing costs in Georgia?
About $9,012 on a $315,000 home with a $252,000 loan. That is 2.9% of the price. Prepaids add about $3,570. $315,000 is close to the typical Georgia home value (the Census median, weighted by county).
| Line | Buyer |
|---|---|
| Down payment (20%) | $63,000 |
| Intangible recording tax on new loan | $756 |
| Owner's title insurance policy | $1,326.25 |
| Lender's title insurance policy | $250 |
| Lender-required endorsements | $150 |
| Settlement / closing fee | $850 |
| Buyer's attorney fee | $950 |
| Survey | $450 |
| Deed recording fee | $25 |
| Mortgage recording fee | $25 |
| Loan origination (1%) | $2,520 |
| Appraisal | $550 |
| Credit report | $60 |
| Underwriting / processing | $995 |
| Flood certification | $25 |
| Tax service fee | $80 |
| Closing costs | $9,012.25 |
| Prepaid interest | $1,391.18 |
| Homeowner's insurance (12 months) | $1,260 |
| Insurance escrow reserve (2 mo) | $210 |
| Property tax escrow reserve (3 mo) | $708.75 |
| Prepaids and escrow reserves | $3,569.93 |
| Property tax credit from seller | −$1,413.62 |
| Estimated cash to close | $74,168.56 |
Run it with your own numbers. Pick the county, loan type, rate and closing date.
Does Georgia tax the buyer's mortgage?
Yes. Georgia taxes the new mortgage: Intangible recording tax on new loan at $1.50 per $500 (max $25,000). On the $252,000 loan above, that adds about $756 to the buyer's side. Cash buyers do not pay it.
What does a buyer pay at closing in Georgia?
The buyer pays the lender fees and the lender's title policy. The buyer usually pays for the owner's title policy in Georgia. In Georgia, each title insurer files its own rates. So prices differ between title companies. The net sheet uses typical rates. The title company that runs the closing gives the final quote.
Georgia buyer closing cost questions
How much are buyer closing costs in Georgia?
About $9,012 on a $315,000 home with 20% down. That is 2.9% of the price. Prepaid insurance, interest and escrow add about $3,570. Cash to close is about $74,169. That counts the $63,000 down payment and takes off the seller's $1,414 tax credit.
Does the buyer pay transfer tax in Georgia?
By custom, no. The transfer tax is a seller cost in Georgia.
What mortgage taxes does a Georgia buyer pay?
Georgia charges the intangible recording tax on new loan ($1.50 per $500 (max $25,000)). On a $252,000 loan that is about $756. The buyer pays it.
Who pays for the owner's title policy in Georgia?
The buyer usually pays for the owner's title policy in Georgia.
What is the difference between closing costs and cash to close?
Closing costs are the fees and taxes for the loan, title and recording. Cash to close is all the money you bring. It adds your down payment. It adds prepaids, like home insurance, interest and escrow. Then it takes off credits. Those include the seller's property tax credit and the earnest money you already paid.
Give your buyer a cash-to-close estimate.
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