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Closing Costs in Fredericksburg, VA
Calculate closing costs for Fredericksburg, VA properties. As an independent city between Northern Virginia and Richmond, Fredericksburg offers competitive pricing with a median around $380,000.
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Local Taxes & Fees in Fredericksburg, VA
Fredericksburg is an independent city in Virginia and does not add local transfer or recordation taxes beyond the state rates. With more affordable home prices compared to NoVA, closing costs in dollar terms are typically lower — though the percentages remain the same. Virginia's standard recordation tax (0.25%) and grantor tax (0.1%) apply.
Frequently Asked Questions — Fredericksburg, VA Closing Costs
How much are closing costs in Fredericksburg, VA?
Closing costs in Fredericksburg, VA typically range from 2% to 5% of the purchase price for buyers and 1% to 3% for sellers. For a $500,000 home, expect $10,000–$25,000 in buyer closing costs. Exact amounts depend on loan type, title insurance choices, and City of Fredericksburg recording fees.
Who pays closing costs in Fredericksburg, Virginia?
Both buyers and sellers pay closing costs in Virginia. Buyers typically cover title insurance, loan fees, recording fees, and prepaid items. Sellers pay the grantor tax, their settlement fee, and agent commissions. In Fredericksburg, some costs are negotiable between parties.
What is the grantor tax in Virginia?
The Virginia grantor tax is $0.50 per $500 of the sale price (effectively 0.1%). This is paid by the seller at closing. On a $500,000 home, the grantor tax is $500.
Does Fredericksburg have additional local transfer taxes?
City of Fredericksburg may have additional local recordation taxes on top of Virginia's state rate. Contact Pruitt Title LLC for the exact rates applicable to your transaction in Fredericksburg.
Need a Precise Closing Cost Estimate?
These are estimates based on standard City of Fredericksburg rates. Every transaction is different — contact Will Rapuano at Pruitt Title LLC for an accurate, line-by-line closing cost breakdown for your Fredericksburg, VA property.