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Closing costs in Utah
See how much you might have to shell out in closing costs when you buy or sell a home in this state.
Updated
The average closing cost in Utah is $5,913 after taxes, or approximately 1.48% to 1.97% of the final home sale price.
Closing cost stats in Utah
Across the state, the average home sells for between $300,000 and $400,000. If you buy a property in that range, expect to pay between $4,434.75 and $7,884 in closing costs after taxes.
| Data | Value |
|---|---|
| Average home sale price | $300,000 to $400,000 |
| Average total closing cost | $5,913 |
| Expected closing cost range | $4,434.75 to $7,884 |
| Percentage of closing cost to home sale price | 1.48% to 1.97% |
Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.
How much does tax affect the closing cost?
Buyers and sellers in Utah pay an average of $2,817 in tax combined for the closing. This accounts for 47.64% of the total average closing cost in Utah.
| Value | |
|---|---|
| Average tax paid | $2,817 |
| Percentage of total closing cost | 47.64% |
How do closing costs in Utah compare nationally?
The closing costs for buying a home in Utah are
amongst the nation's highest
after accounting for taxes. It’s 44th
in our rankings which rates states from lowest to highest closing cost.
| Average total closing cost in Utah | Ranking* | |
|---|---|---|
| Before taxes | $3,096 | 22 |
| After taxes | $5,913 | 44 |
*Ranked from lowest to highest of the 50 states plus Washington DC
Bottom line
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Utah.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
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