Closing costs in Georgia
On a $500,000 home with 20% down, buyers in Georgia typically pay about $10,483 to $21,000 at closing, including prepaid taxes and insurance.
Typical buyer total2.1%–4.2%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxes1See below
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| Intangible recording tax on the mortgage (0.3% of the loan) | $1,200 | $1.50 per $500 of the loan, capped at $25,000. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $8,030 – $16,280 | 2.7%–5.4% |
| $300,000 | FHA, 3.5% down | $8,453 – $17,192 | 2.8%–5.7% |
| $500,000 | Conventional, 20% down | $10,483 – $21,000 | 2.1%–4.2% |
| $500,000 | FHA, 3.5% down | $11,188 – $22,519 | 2.2%–4.5% |
| $750,000 | Conventional, 20% down | $13,550 – $26,900 | 1.8%–3.6% |
| $750,000 | FHA, 3.5% down | $14,607 – $29,179 | 1.9%–3.9% |
Who pays what in Georgia
Georgia’s transfer tax ($1 per $1,000 of the price) is customarily paid by the seller. Georgia requires an attorney to conduct closings.
Questions
How much are closing costs for buyers in Georgia?
Often about 2.1% to 4.2% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Georgia?
Buyers typically pay: Intangible recording tax on the mortgage.
More for Georgia
Sources: Georgia Department of Revenue (real estate transfer tax, O.C.G.A. §48-6-1; intangible recording tax, §48-6-60). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.