Closing Cost Calculator for Virginia

Closing Costs in Virginia

Buyers in Virginia typically pay around $3,900 in total closing costs. Virginia charges a Grantor's Tax of $0.50/$500 of sale price plus a state recordation tax. Localities may add additional recordation taxes. Northern Virginia and the Northern Virginia Transportation Authority also add levies on real property transactions.

What's Included in Virginia Closing Costs?

• Transfer & recording taxes: Virginia charges a Grantor's Tax of $0.50/$500 of sale price plus a state recordation tax. Localities may add additional recordation taxes. Northern Virginia and the Northern Virginia Transportation Authority also add levies on real property transactions.
• Lender fees: Origination, underwriting, and processing fees — typically 0.5–1% of the loan amount regardless of state.
• Title insurance: Owner's and lender's policies, required in most Virginia transactions.
• Prepaid items: First year homeowner's insurance premium, prepaid property tax escrow, and prepaid interest.
• Escrow/attorney fees: Virginia typically uses attorneys to close real estate transactions.

Home Values & Loan Context

With a median home value of $365,000 in Virginia, a 10% down payment buyer would borrow around $329,000. The conforming loan limit is $1,089,300 — Northern Virginia counties — Arlington, Fairfax, Loudoun — and the City of Alexandria qualify for high-cost conforming limits of $1,089,300.

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