Closing costs calculator

Closing costs in the 50 states

Loan costs: median total loan costs on home purchase loans for a principal residence, HMDA 2025 (data read on 2026-10-19). Transfer tax: state part, plus the county or town tax that state law requires in Connecticut, Michigan and West Virginia, as a range. Title: owner's policy where the state sets the premium and the price is published. County figures: loan costs by county; first-year costs with property tax and insurance: cost of buying a home by state.

Title insurance where the state sets the price

Florida: In Florida, the Financial Services Commission sets title insurance premiums by rule and they apply statewide (Florida Statutes 627.782). Under Rule 69O-186.003 an owner's policy costs $2,075 at $400,000 and $2,575 at $500,000. Owner's policy: $2,075 on a $400,000 price and $2,575 on $500,000 (original rate, Rule 69O-186.003). A lender's policy issued at the same time costs a minimum of $25. Reissue rate on $400,000: $1,230. Who pays: Not set by Florida statute or rule; the purchase contract decides. The person paying the premium gets first choice of closing or title agent, subject to lender approval (Florida Department of Financial Services).

Iowa: Iowa does not allow private title insurance (Iowa Code 515.48(10)). Iowa Title Guaranty, a division of the Iowa Finance Authority, issues title coverage for a flat $175 up to $750,000, then $1 per $1,000 above. Flat $175 on a $213,300 purchase; $325 on a $900,000 home ($175 plus $1 per $1,000 above $750,000), per the Iowa Title Guaranty residential rate sheet effective July 1, 2023. Who pays: Not set by default in the sources read; the purchase contract decides. Iowa Title Guaranty says the owner's certificate is free up to $750,000 when the lender's certificate is issued at the same time.

New Mexico: New Mexico sets title insurance prices by government order: the Superintendent of Insurance fixes every premium in a title rate case, and agents may not discount or rebate them (13.14.9.8 and 13.14.9.12 NMAC). A lender's policy issued with the owner's policy costs a flat $100. The article could not retrieve the Appendix A bracket schedule, so it gives no owner's premium in dollars for a given price. Flat charges cited: $100 lender's policy issued with an owner's policy, $100 commitment for six months. Who pays: The rate tables read set the price, not who pays it; the purchase agreement decides.

Texas: In Texas, the Commissioner of Insurance sets title insurance premiums and every title company must charge the same rate (Insurance Code 2703.151). Under TDI rates effective March 1, 2026, an owner's policy costs $1,768 at $300,000 and $2,262 at $400,000. Owner's policy: $1,768 at $300,000 and $2,262 at $400,000, plus $100 for a lender's policy issued at the same time (Rate Rule R-5). Rates effective March 1, 2026. Who pays: Negotiable between buyer and seller; the TREC resale contract (No. 20-19) has a checkbox for the owner's policy at the seller's or buyer's expense. The lender's policy is a buyer's expense under that contract.

In the other states, Payotte has no state-set premium to apply and does not estimate one: see title insurance explained.

The largest counties

Loan costs are published for 848 counties with at least 500 home purchase loans in 2025. Highest medians: Miami-Dade County, FL ($13,341), Maui County, HI ($12,736), Imperial County, CA ($12,383), San Bernardino County, CA ($11,854), Riverside County, CA ($11,758). Lowest: Johnson County, IA ($1,919), Black Hawk County, IA ($1,959), Linn County, IA ($2,117), Dubuque County, IA ($2,436), Sangamon County, IL ($2,634).

Questions

How much are lender closing costs in the US?

On home purchase loans in 2025, the median total loan costs (origination charges, points, and services such as the appraisal and credit report, section D of the Closing Disclosure) were highest in Hawaii ($10,901), California ($9,303) and Idaho ($8,727) and lowest in Iowa ($2,736), Wisconsin ($3,435) and Nebraska ($3,502). These are amounts actually paid, reported by lenders under HMDA.

Does the buyer pay the transfer tax?

Only in some states. The buyer pays by custom in Tennessee and Vermont; the seller in 20 states; elsewhere it is shared or set by the contract. The calculator counts it in the buyer's total only where custom gives it to the buyer, and as a range where the contract decides.

Why is title insurance computed in only a few states?

Because only a few states set the premium themselves. In Florida, Iowa and Texas the state rule or rate sheet gives a figure; New Mexico also sets rates, but the schedule was not read. Elsewhere Payotte has no state-set premium to apply, so it does not estimate one.

Does a bigger loan mean higher lender fees?

The calculator does not scale lender costs to your loan: it shows the median actually paid in the county or state, the middle half of loans, and the median loan size those costs relate to, so you can compare. Your own Loan Estimate gives the real figure for your loan.

Related

Transfer tax calculator · Closing costs by state · Loan costs by county · Closing costs explained · Cost of buying a home by state