Utah Closing Cost Calculator

Utah buyers typically pay 2-5% of the purchase price in closing costs. On a $500,000 home, that's $10,000-$25,000. This includes loan origination fees, title insurance, appraisal, inspection, and prepaid items like property taxes and homeowner's insurance.

Utah sellers typically pay 6-10% of the sale price in closing costs. This includes real estate agent commissions (typically 5-6%), title insurance, transfer taxes, and any negotiated seller concessions. On a $500,000 home, sellers can expect to pay $30,000-$50,000.

Yes! In Utah, buyers can negotiate seller concessions (where the seller pays some of the buyer's closing costs). This is especially common in buyer's markets. Dr. Haws regularly negotiates seller concessions for his buyer clients to reduce out-of-pocket costs.

Title insurance protects you from defects in the property's title history. In Utah, lenders require lender's title insurance. Owner's title insurance is optional but strongly recommended — it's a one-time fee that protects your investment for as long as you own the home.

Utah does not have a traditional real estate transfer tax. However, there is a nominal recording fee (typically $25-$75) to record the deed with the county. This is one reason Utah is a relatively affordable state for real estate transactions.

In some cases, yes. With certain loan programs (FHA, VA, USDA), you may be able to finance some closing costs. However, this increases your loan amount and monthly payment. Dr. Haws can connect you with Utah mortgage lenders who specialize in minimizing out-of-pocket costs.