Closing costs
Closing costs in Delaware
In Delaware, an attorney is customarily involved in the closing, and Delaware levies a transfer/deed tax of about 4%, customarily split-paid. 4% total, customarily split 50/50 buyer/seller. Here's roughly what you'll pay and what each line is.
How much are closing costs in Delaware?
Estimated buyer closing costs in Delaware (on top of your down payment), for a single-family home with 10% down and good credit:
| Home price | Estimated closing costs |
|---|---|
| $300,000 | $12,757–$16,307 |
| $400,000 | $16,192–$20,292 |
| $500,000 | $19,628–$24,278 |
Illustrative estimates — a single-family home, conventional loan, 10% down, good credit. Your real figures come from your Loan Estimate and Closing Disclosure.
What's in your closing costs
- Lender fees — loan origination (~0.5–1% of the loan), plus the appraisal.
- Title insurance — a lender's policy (and usually an owner's policy) protecting against title defects.
- Prepaids & escrow — a year of homeowners insurance plus a couple months of property-tax escrow set aside up front.
- Recording & settlement — county recording fees plus the settlement agent (or attorney) who runs the closing.
Who closes, and transfer taxes, in Delaware
Delaware is an attorney-closing state — a real-estate attorney customarily conducts the closing (budget an attorney fee instead of a settlement fee).
Delaware levies a transfer/deed tax of about 4%, customarily split-paid. 4% total, customarily split 50/50 buyer/seller
The FHA loan limit in Delaware is about $541,287.
Plan for the full cash to close
Closing costs are only part of the cash you'll need. The down payment is the rest. Map your full savings target:
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