Closing costs in Oklahoma
On a $500,000 home with 20% down, buyers in Oklahoma typically pay about $7,592 to $16,517 at closing, including prepaid taxes and insurance.
Typical buyer total1.5%–3.3%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 |
|---|---|---|
| Mortgage tax (0.1% of the loan) | $400 | Paid to the county treasurer for mortgages of five years or more. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $6,095 – $12,990 | 2.0%–4.3% |
| $300,000 | FHA, 3.5% down | $6,493 – $13,951 | 2.2%–4.7% |
| $500,000 | Conventional, 20% down | $7,592 – $16,517 | 1.5%–3.3% |
| $500,000 | FHA, 3.5% down | $8,255 – $18,119 | 1.7%–3.6% |
| $750,000 | Conventional, 20% down | $9,463 – $20,925 | 1.3%–2.8% |
| $750,000 | FHA, 3.5% down | $10,458 – $23,328 | 1.4%–3.1% |
Who pays what in Oklahoma
Oklahoma’s documentary stamp tax ($0.75 per $500) is customarily paid by the seller, though state law doesn’t say who pays.
By custom here the seller usually pays for the owner’s title policy; the buyer pays for the lender’s policy.
Questions
How much are closing costs for buyers in Oklahoma?
Often about 1.5% to 3.3% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Oklahoma?
Buyers typically pay: Mortgage tax.
More for Oklahoma
Sources: Oklahoma Statutes Title 68 §3201 (documentary stamp tax), §1904 (mortgage tax). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.