How much are closing costs in Virginia?

Each side pays its own costs. Buyer pays the owner's policy. In Virginia, 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. A title company or attorney usually runs the closing. The table shows a $380,000 sale at statewide rates. The contract can change who pays.

A Virginia buyer pays about $9,850 in closing costs on a $380,000 home with 20% down. That covers lender fees, the lender's title policy and recording. Prepaid interest, insurance and escrow add about $4,307. The seller's property tax credit takes off $1,705. With the $76,000 down payment, cash to close is about $88,451. That is for a July 1 closing, the same as the calculator.

Virginia buyer closing costs, line by line

A Virginia seller pays about $907 before commission on a $380,000 sale. The costs are: grantor's tax, settlement / closing fee, release / satisfaction recording, wire / courier / payoff processing. With a 5% commission, the total is about $19,907. The loan payoff and the property tax proration also come out of the proceeds.

Virginia seller net sheet with a worked example

They go up with the price. On a $1,000,000 home, a buyer pays about $20,412. A seller pays about $1,527 before commission.

Yes. On the same $380,000 sale, buyer plus seller costs run from $10,757 to $11,517 across Virginia's 133 counties. Local taxes and who pays for title make the difference. The 15 listed here differ from the statewide figures above. The other 118 match them.