Closing costs in Texas
On a $500,000 home with 20% down, buyers in Texas typically pay about $7,654 to $17,042 at closing, including prepaid taxes and insurance.
Typical buyer total1.5%–3.4%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 | Texas has no real estate transfer tax and no mortgage tax. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $6,133 – $13,305 | 2.0%–4.4% |
| $300,000 | FHA, 3.5% down | $6,481 – $14,217 | 2.2%–4.7% |
| $500,000 | Conventional, 20% down | $7,654 – $17,042 | 1.5%–3.4% |
| $500,000 | FHA, 3.5% down | $8,235 – $18,561 | 1.6%–3.7% |
| $750,000 | Conventional, 20% down | $9,556 – $21,713 | 1.3%–2.9% |
| $750,000 | FHA, 3.5% down | $10,428 – $23,992 | 1.4%–3.2% |
Who pays what in Texas
Texas has no real estate transfer tax and no mortgage tax.
Title insurance rates in Texas are set by the state. Sellers customarily pay for the owner’s policy; buyers pay for the lender’s policy.
Questions
How much are closing costs for buyers in Texas?
Often about 1.5% to 3.4% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Texas?
No. Texas has no real estate transfer tax and no mortgage tax.
More for Texas
Sources: Texas Department of Insurance (promulgated title insurance rates). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.