How much are closing costs in Washington?

Each side pays its own costs. Seller pays the owner's policy. In Washington, 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. An escrow company usually runs the closing. The table shows a $535,000 sale at statewide rates. The contract can change who pays.

A Washington buyer pays about $7,936 in closing costs on a $535,000 home with 20% down. That covers lender fees, the lender's title policy and recording. Prepaid interest, insurance and escrow add about $6,063. The seller's property tax credit takes off $13. With the $107,000 down payment, cash to close is about $120,986. That is for a July 1 closing, the same as the calculator.

Washington buyer closing costs, line by line

A Washington seller pays about $11,664 before commission on a $535,000 sale. The costs are: state real estate excise tax (graduated), local real estate excise tax (0.50%), reet technology fee, owner's title insurance policy, escrow fee. With a 5% commission, the total is about $38,414. The loan payoff and the property tax proration also come out of the proceeds.

Washington seller net sheet with a worked example

They go up with the price. On a $1,000,000 home, a buyer pays about $11,805. A seller pays about $21,150 before commission.

Yes. On the same $535,000 sale, buyer plus seller costs run from $18,262 to $27,624 across Washington's 39 counties. Local taxes and who pays for title make the difference. The 20 listed here differ from the statewide figures above. The other 19 match them.