Closing costs in Virginia
On a $500,000 home with 20% down, buyers in Virginia typically pay about $11,566 to $20,866 at closing, including prepaid taxes and insurance.
Typical buyer total2.3%–4.2%Of the price, 20% down
Closings handled byA title or settlement companyCustomary in the state
Buyer-paid taxes2See below
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| Deed recordation tax (state 0.25% + local 0.083% of the price) | $1,667 | Some localities set a different local rate. |
| Deed of trust recordation tax (0.333% of the loan) | $1,333 |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $8,480 – $15,600 | 2.8%–5.2% |
| $300,000 | FHA, 3.5% down | $8,919 – $16,528 | 3.0%–5.5% |
| $500,000 | Conventional, 20% down | $11,566 – $20,866 | 2.3%–4.2% |
| $500,000 | FHA, 3.5% down | $12,299 – $22,413 | 2.5%–4.5% |
| $750,000 | Conventional, 20% down | $15,425 – $27,450 | 2.1%–3.7% |
| $750,000 | FHA, 3.5% down | $16,523 – $29,770 | 2.2%–4.0% |
Who pays what in Virginia
Virginia’s grantor’s tax (plus an extra regional tax in Northern Virginia and Hampton Roads) is paid by the seller.
Questions
How much are closing costs for buyers in Virginia?
Often about 2.3% to 4.2% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Virginia?
Buyers typically pay: Deed recordation tax; Deed of trust recordation tax.
More for Virginia
Sources: Virginia Code §58.1-801, §58.1-803, §58.1-814 (recordation taxes). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.