Pennsylvania buyer closing costs and cash to close
A Pennsylvania buyer pays about $9,082 in closing costs on a $245,000 home with 20% down. That is 3.7% of the price. Prepaids add about $3,144. Cash to close is about $63,068.
See the lender fees, title, prepaids and down payment on a typical home loan.
Free Pennsylvania buyer net sheet Pennsylvania seller net sheet
Free Pennsylvania buyer cash to close calculator
Change any number and the local costs update.
| State realty transfer tax | $1,225 |
| Local realty transfer tax (municipality + school district) | $1,225 |
| Deed recording fee | $100 |
| Mortgage recording fee | $110 |
| Reimburse seller for prepaid taxes | $1,843 |
| Down payment (20%) | $49,000 |
| Title insurance and settlement | $2,752 |
| Lender fees | $3,670 |
| Prepaids and escrow reserves | $3,144 |
| Estimated cash to close | $63,068 |
- Closing costs on $245,000
- About $9,082
- Owner's title policy
- Buyer pays
- Cash to close, 20% down
- About $63,068
How much are buyer closing costs in Pennsylvania?
About $9,082 on a $245,000 home with a $196,000 loan. That is 3.7% of the price. Prepaids add about $3,144. $245,000 is close to the typical Pennsylvania home value (the Census median, weighted by county).
| Line | Buyer |
|---|---|
| Down payment (20%) | $49,000 |
| State realty transfer tax | $1,225 |
| Local realty transfer tax (municipality + school district) | $1,225 |
| Owner's title insurance policy | $1,851.50 |
| Lender-required endorsements | $300 |
| Settlement / closing fee | $150 |
| Survey | $450 |
| Deed recording fee | $100 |
| Mortgage recording fee | $110 |
| Loan origination (1%) | $1,960 |
| Appraisal | $550 |
| Credit report | $60 |
| Underwriting / processing | $995 |
| Flood certification | $25 |
| Tax service fee | $80 |
| Closing costs | $9,081.50 |
| Prepaid interest | $1,082.03 |
| Homeowner's insurance (12 months) | $980 |
| Insurance escrow reserve (2 mo) | $163.33 |
| Property tax escrow reserve (3 mo) | $918.75 |
| Prepaids and escrow reserves | $3,144.11 |
| Reimburse seller for prepaid taxes | $1,842.53 |
| Estimated cash to close | $63,068.14 |
Run it with your own numbers. Pick the county, loan type, rate and closing date.
What does a buyer pay at closing in Pennsylvania?
The buyer pays the lender fees and the lender's title policy. The buyer usually pays for the owner's title policy in Pennsylvania. Buyer pays the owner's policy (TIRBOP promulgated sale rate, search and settlement included). In Pennsylvania, the state sets title insurance rates. So the owner's policy costs the same at every title company.
Pennsylvania buyer closing cost questions
How much are buyer closing costs in Pennsylvania?
About $9,082 on a $245,000 home with 20% down. That is 3.7% of the price. Prepaid insurance, interest and escrow add about $3,144. Cash to close is about $63,068. That counts the $49,000 down payment.
Does the buyer pay transfer tax in Pennsylvania?
Yes. Buyer and seller usually split the state realty transfer tax. See the Pennsylvania seller net sheet page for the rates.
Who pays for the owner's title policy in Pennsylvania?
The buyer usually pays for the owner's title policy in Pennsylvania. Buyer pays the owner's policy (TIRBOP promulgated sale rate, search and settlement included).
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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