Closing Cost Calculator for Washington

Closing Costs in Washington

Buyers in Washington typically pay around $3,300 in total closing costs. Washington charges a Real Estate Excise Tax (REET) ranging from 1.1% to 3% of sale price (progressive based on value). This is among the higher transfer tax structures nationally for luxury-priced homes.

What's Included in Washington Closing Costs?

• Transfer & recording taxes: Washington charges a Real Estate Excise Tax (REET) ranging from 1.1% to 3% of sale price (progressive based on value). This is among the higher transfer tax structures nationally for luxury-priced homes.
• 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 Washington transactions.
• Prepaid items: First year homeowner's insurance premium, prepaid property tax escrow, and prepaid interest.
• Escrow/attorney fees: Washington typically uses title companies or escrow agents to close real estate transactions.

Home Values & Loan Context

With a median home value of $530,000 in Washington, a 10% down payment buyer would borrow around $477,000. The conforming loan limit is $1,089,300 — King County qualifies for high-cost limits. Most other Washington counties are at the standard limit.

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