Closing Costs on a $500K House: What to Expect in 2026
By Wealthvieu
·
Updated
Closing costs on a $500,000 house typically run $15,000 to $30,000 (3-6% of the purchase price). Here’s the complete breakdown.
Buyer Closing Costs Breakdown
| Cost Type |
Low Estimate |
Typical |
High Estimate |
| Loan origination fee (1%) |
$4,000 |
$5,000 |
$5,000 |
| Appraisal |
$500 |
$650 |
$900 |
| Credit report |
$30 |
$50 |
$75 |
| Title insurance |
$1,100 |
$1,800 |
$2,700 |
| Title search & exam |
$300 |
$500 |
$800 |
| Attorney fees |
$600 |
$1,200 |
$1,800 |
| Recording fees |
$125 |
$200 |
$400 |
| Survey |
$400 |
$600 |
$900 |
| Home inspection |
$400 |
$550 |
$800 |
| Escrow/title company fees |
$600 |
$950 |
$1,600 |
| Total fees |
$8,055 |
$11,500 |
$14,975 |
Prepaid Items (Held in Escrow)
| Item |
Low Estimate |
Typical |
High Estimate |
| Property tax (3 months) |
$750 |
$1,250 |
$2,500 |
| Homeowners insurance (1 year) |
$2,000 |
$3,500 |
$6,000 |
| Prepaid interest (15 days) |
$670 |
$1,375 |
$1,680 |
| Total prepaids |
$3,420 |
$6,125 |
$10,180 |
Total Cash Needed at Closing
| Down Payment |
Closing Costs |
Total Cash Needed |
| 3% ($15,000) |
$17,625 |
$32,625 |
| 5% ($25,000) |
$17,625 |
$42,625 |
| 10% ($50,000) |
$17,625 |
$67,625 |
| 20% ($100,000) |
$17,625 |
$117,625 |
Closing Costs by State (on $500K)
| State |
Avg. Closing Cost |
% of Price |
| Missouri |
$13,500 |
2.7% |
| Indiana |
$14,500 |
2.9% |
| Texas |
$21,000 |
4.2% |
| California |
$24,000 |
4.8% |
| New York |
$30,000 |
6.0% |
