dett.io

All states

State Guide

Closing Costs in Virginia (2026)

Buyers in Virginia typically pay $9,150 to $22,875 in closing costs (2–5%) on a median-priced home of $457,500. Our itemized estimate: about $15,986 (3.5% of the price), plus a $91,500 down payment at 20% down.

Virginia at a Glance

Median home price

$457,500

Estimated closing costs

$15,986

3.5% of price

Property tax rate

0.86%

≈ $3,935/year

2026 conforming loan limit

$832,750

High-cost counties up to $1,249,125

Cash to close

$107,486

20% down + closing costs

Monthly payment

$2,918

30-yr at 6.75%

What Makes Virginia Different

Virginia buyers pay recordation taxes while sellers pay the grantor tax, and closings are attorney-led. Northern Virginia counties are high-cost for 2026 conforming loans; insurance is moderate.

Virginia buyers pay recordation taxes; sellers pay the grantor tax.

Local cost factors

Buyer-paid transfer tax

$1,601

Statewide estimate on the median home

Closing custom

Attorney closing

Virginia typically requires a closing attorney

Homeowners insurance

$2,600/yr

Typical premium scaled to the median-priced example

Example loan vs. limit

Conforming

$366,000 loan at 20% down

Itemized Closing Cost Estimate

Assumes a $457,500 purchase with 20% down ($366,000 loan) at 6.75% for 30 years, a 0.86% property tax rate, and $2,600/year insurance. Transfer tax includes only the share buyers in Virginia customarily pay.

Line ItemCategoryEstimate
Loan Origination Fee (1% assumed)Lender fees$3,660
Credit ReportLender fees$50
Flood CertificationLender fees$20
Underwriting FeeLender fees$750
Processing FeeLender fees$500
AppraisalThird-party fees$550
Title InsuranceThird-party fees$1,830
Title SearchThird-party fees$300
Attorney Fee (Virginia)Third-party fees$950
Survey (if required)Third-party fees$400
Recording FeeGovernment fees$125
Transfer Tax (Virginia est.)Government fees$1,601
Prepaid Interest (15 days)Prepaids & escrow$1,015
Prepaid Homeowners Insurance (1 year)Prepaids & escrow$2,600
Escrow Prefund — Property Taxes (3 months)Prepaids & escrow$984
Escrow Prefund — Insurance (3 months)Prepaids & escrow$651
Total estimated closing costs$15,986

What You'd Pay Each Month

On a median-priced Virginia home with 20% down, the full monthly payment is about $2,918: $2,374 in principal and interest, $328 in property taxes, and $217 in homeowners insurance. Taxes and insurance here add 23% on top of the loan payment itself.

Run Your Own Numbers

Closing Cost EstimatorHow Much House Can I Afford?True Monthly Mortgage CostDown Payment Strategy

Frequently Asked Questions

Buyers in Virginia typically pay 2% to 5% of the purchase price in closing costs — roughly $9,150 to $22,875 on a median-priced home around $457,500. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $15,986 (3.5% of the price) with 20% down at 6.75%.

The effective property tax rate in Virginia is approximately 0.86% of home value per year. On a median-priced home of $457,500, that works out to about $3,935 per year, or $328 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Virginia buyers pay recordation taxes; sellers pay the grantor tax. At that rate on a $457,500 home, the tax is roughly $1,601 — and in this state the buyer customarily pays it, so it is included in our estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in most of Virginia is $832,750 for a one-unit home. Some high-cost counties go as high as $1,249,125. On a median-priced $457,500 home with 20% down, the loan is $366,000 — within the conforming limit in most counties. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $457,500 home, plan for about $107,486 in total: $91,500 for the down payment plus roughly $15,986 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $457,500 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $2,918 — $2,374 in principal and interest, $328 in property taxes, and $217 in homeowners insurance.

Nearby states

AlabamaArkansasDelawareDistrict of ColumbiaFloridaGeorgiaKentuckyLouisianaMarylandMississippiNorth CarolinaOklahomaSouth CarolinaTennesseeTexasWest Virginia
Figures on this page are educational estimates, last reviewed October 18, 2026. Median prices (Redfin via Bankrate), effective property tax rates (Tax Foundation), insurance (Bankrate 2026 averages scaled to the median home), and 2026 conforming loan limits (FHFA) are approximations that vary by county, property, lender, and transaction. They are not a Loan Estimate and not financial advice — your lender's official Loan Estimate is the authoritative document for your closing costs. See our methodology.