finder.com
US
AU
NZ
UK
CA
SG
More
US
AU
NZ
UK
CA
SG
More

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Closing costs in Washington

See how much you might have to shell out in closing costs when you buy or sell a home in this state.

Jing Jun Ma
Jing Jun Ma

Updated . What changed?

Fact checked

The average closing cost in Washington D.C. is $25,800 after taxes, or approximately 3.69% to 4.3% of the final home sale price.

Closing cost stats in Washington D.C.

Across the state, the average home sells for between $600,000 and $700,000. If you buy a property in that range, expect to pay between $22,114 and $30,100 in closing costs after taxes.

Data Value
Average home sale price $600,000 to $700,000
Average total closing cost $25,800
Expected closing cost range $22,114 to $30,100
Percentage of closing cost to home sale price 3.69% to 4.3%
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 Washington D.C. pay an average of $20,077 in tax combined for the closing. This accounts for 77.82% of the total average closing cost in Washington D.C..

Value
Average tax paid $20,077
Percentage of total closing cost 77.82%

How do closing costs in Washington D.C. compare nationally?

The closing costs for buying a home in Washington D.C. are amongst the nation's highest after accounting for taxes. It’s 51 in our rankings which rates states from lowest to highest closing cost.

Average total closing cost in Washington D.C. Ranking*
Before taxes $5,723 1
After taxes $25,800 51

*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 Washington D.C..

To save on your home loan, consider comparing the fees and rates of top lenders before signing.

Read more on this topic

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site