Virginia Closing Costs

It doesn’t mater if this is your first home purchase, a refinance or you’re a seasoned home buyer, Closing costs can be confusing for anybody. They’re basically expenses that come with mortgage loan processing. Since mortgage lenders facilitate the loan, the closing costs are charged by and paid to those lenders. But there are also third party fees involved. Lender’s costs include loan origination fees while third party costs are things like appraisal fees, survey fees, title insurance and taxes among others.

Closing Cost Calculator

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Closing Cost Details Cost Breakdown

Property Location

Home Price

Down Payment / 20%

All information and results provided by this Closing Cost Calculator are estimates only. They will in no way accurately reflect actual closing costs. This calculator is to be used only to establish and estimate of closing costs. There are many unique factors that will affect the actual cost.

Loan Type

VA FHA Other

Loan Amount


Closing Costs


Closing Cost & Fees


Escrow & Other Expenses


Total Due at Closing


Average closing costs for Virginia range from 2% to 5% of the total loan amount. The average amount is about $3,425 for a $200,000 mortgage. That is just less than 2% of the loan amount and slightly more than the national average of $3,160. Note that not all lenders have the same items on their closing costs so you should expect that value to vary wildly from one lender to another.

Today's Virginia Mortgage Rates

30 Yr. Fixed 6.625% APR 7.111%
15 Yr. Fixed 5.875% APR 6.406%
30 Yr. Fixed FHA 6.000% APR 6.941%
30 Yr. Fixed VA 6.000% APR 6.420%
Mortgage Rates as of July, 24 2024 See All Rates | See Rate Assumptions

Also, the location of your house will play a role in determining how much you will pay. Of course appraisers, surveyors and other third parties charge differently for different areas. If you want a more accurate Virginia closing costs estimate, contact Moreira Team and we will give you a breakdown of each item based on your type of loan, property, and location.

It is worth mentioning that in Virginia you have the option to pay all or part of the costs when making your down payment. Moreira Team can help you get a loan that matches your current financial health. Give us a call today or get your rate quote below to get started.

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