Closing costs in Washington
On a $500,000 home with 20% down, buyers in Washington typically pay about $7,275 to $16,283 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 taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | Washington’s real estate excise tax (graduated, from 1.1% up to 3% on the highest prices, plus local rates) is paid by the seller. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $5,905 – $12,850 | 2.0%–4.3% |
| $300,000 | FHA, 3.5% down | $6,254 – $13,762 | 2.1%–4.6% |
| $500,000 | Conventional, 20% down | $7,275 – $16,283 | 1.5%–3.3% |
| $500,000 | FHA, 3.5% down | $7,856 – $17,803 | 1.6%–3.6% |
| $750,000 | Conventional, 20% down | $8,988 – $20,575 | 1.2%–2.7% |
| $750,000 | FHA, 3.5% down | $9,859 – $22,854 | 1.3%–3.0% |
Who pays what in Washington
Washington’s real estate excise tax (graduated, from 1.1% up to 3% on the highest prices, plus local rates) is paid by the seller.
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 Washington?
Often about 1.5% to 3.3% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Washington?
No. Washington’s real estate excise tax (graduated, from 1.1% up to 3% on the highest prices, plus local rates) is paid by the seller.
More for Washington
Sources: Washington Department of Revenue (REET, RCW 82.45). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.