Closing costs in Arkansas
On a $500,000 home with 20% down, buyers in Arkansas typically pay about $7,242 to $17,717 at closing, including prepaid taxes and insurance.
Typical buyer total1.4%–3.5%Of the price, 20% down
Closings handled byA title or settlement companyCustomary in the state
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | Arkansas’s real property transfer tax ($3.30 per $1,000) is customarily paid by the seller, though it’s negotiable. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $5,885 – $13,710 | 2.0%–4.6% |
| $300,000 | FHA, 3.5% down | $6,159 – $14,473 | 2.1%–4.8% |
| $500,000 | Conventional, 20% down | $7,242 – $17,717 | 1.4%–3.5% |
| $500,000 | FHA, 3.5% down | $7,699 – $18,989 | 1.5%–3.8% |
| $750,000 | Conventional, 20% down | $8,938 – $22,725 | 1.2%–3.0% |
| $750,000 | FHA, 3.5% down | $9,623 – $24,633 | 1.3%–3.3% |
Who pays what in Arkansas
Arkansas’s real property transfer tax ($3.30 per $1,000) is customarily paid by the seller, though it’s negotiable.
Questions
How much are closing costs for buyers in Arkansas?
Often about 1.4% to 3.5% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Arkansas?
No. Arkansas’s real property transfer tax ($3.30 per $1,000) is customarily paid by the seller, though it’s negotiable.
More for Arkansas
Sources: Arkansas Code §26-60-105. Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.