Closing costs in District of Columbia
On a $500,000 home with 20% down, buyers in District of Columbia typically pay about $15,800 to $25,083 at closing, including prepaid taxes and insurance.
Typical buyer total3.2%–5.0%Of the price, 20% down
Closings handled byA title or settlement companyCustomary in the state
Buyer-paid taxes1See below
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| Recordation tax (1.45% of the price) | $7,250 |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $9,970 – $17,080 | 3.3%–5.7% |
| $300,000 | FHA, 3.5% down | $10,244 – $17,843 | 3.4%–5.9% |
| $500,000 | Conventional, 20% down | $15,800 – $25,083 | 3.2%–5.0% |
| $500,000 | FHA, 3.5% down | $16,257 – $26,355 | 3.3%–5.3% |
| $750,000 | Conventional, 20% down | $21,775 – $33,775 | 2.9%–4.5% |
| $750,000 | FHA, 3.5% down | $22,461 – $35,683 | 3.0%–4.8% |
Who pays what in District of Columbia
The District’s deed transfer tax (1.1% or 1.45%) is paid by the seller; buyers customarily pay the recordation tax.
Questions
How much are closing costs for buyers in District of Columbia?
Often about 3.2% to 5.0% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in District of Columbia?
Buyers typically pay: Recordation tax.
More for District of Columbia
Sources: DC Office of Tax and Revenue (deed recordation and transfer taxes; reduced recordation rate for first-time homebuyers). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.