Closing costs in Kentucky
On a $500,000 home with 20% down, buyers in Kentucky typically pay about $7,379 to $17,992 at closing, including prepaid taxes and insurance.
Typical buyer total1.5%–3.6%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 | Kentucky’s real estate transfer tax ($0.50 per $500) is customarily paid by the seller. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $5,968 – $13,875 | 2.0%–4.6% |
| $300,000 | FHA, 3.5% down | $6,242 – $14,638 | 2.1%–4.9% |
| $500,000 | Conventional, 20% down | $7,379 – $17,992 | 1.5%–3.6% |
| $500,000 | FHA, 3.5% down | $7,836 – $19,264 | 1.6%–3.9% |
| $750,000 | Conventional, 20% down | $9,144 – $23,138 | 1.2%–3.1% |
| $750,000 | FHA, 3.5% down | $9,830 – $25,045 | 1.3%–3.3% |
Who pays what in Kentucky
Kentucky’s real estate transfer tax ($0.50 per $500) is customarily paid by the seller.
Questions
How much are closing costs for buyers in Kentucky?
Often about 1.5% to 3.6% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Kentucky?
No. Kentucky’s real estate transfer tax ($0.50 per $500) is customarily paid by the seller.
More for Kentucky
Sources: Kentucky Revised Statutes §142.050. Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.