Buyer Closing Cost Calculator in Pennsylvania

Q: What is the real estate transfer tax in Pennsylvania?

In Pennsylvania , the real estate transfer tax stands at 1% of the purchase price.

Question 1

Do Buyers pay closing costs in Pennsylvania?

Accepted Answer

Yes, buyers have their own set of closing costs to pay. In Pennsylvania, as a buyer, you can expect to pay closing costs between 2%-4% of the loan amount. Buyer closing costs are mainly mortgage-related like loan costs, appraisal, survey, transfer taxes cost, etc.

So, if your mortgage amount is $200,000, then you can expect to pay $3,900 in closing costs as a home buyer in Pennsylvania.

Question 2

What are typical closing costs for a buyer in Pennsylvania?

Accepted Answer

Some of the most common buyer closing costs in Pennsylvania are loan origination fees, home appraisal fees, credit reports, home inspection, recording fees, transfer taxes fees, etc. We have discussed all the buyer closing costs in detail above.

Question 3

What is the real estate transfer tax in Pennsylvania?

Accepted Answer

In Pennsylvania, the real estate transfer tax stands at 1% of the purchase price.

Question 4

What are Buyer's Closing Costs in Pennsylvania?

Accepted Answer

Some of the most common buyer closing costs in Pennsylvania are loan origination fees, home appraisal fees, credit reports, home inspection, recording fees, transfer taxes fees, etc. We have discussed all the buyer closing costs in detail above.

Question 5

How do you calculate closing costs for buyers?

Accepted Answer

To calculate buyer closing costs all you need to do is input the relevant details in Houzeo’s Closing Costs Calculator and you will have your estimated closing costs with just a few clicks.

Question 6

Who pays real estate transfer tax in Pennsylvania?

Accepted Answer

The seller and buyer are equally liable to pay the transfer tax in the state of Pennsylvania.

Buyer Closing Cost Calculator in Pennsylvania

Buyer Closing Costs Calculator in Pennsylvania

Frequently Asked Questions

Buyer's Estimated Closing Costs Worksheet