Closing costs
Cash needed on closing day
Separate from the down payment, and due the same day.
Typical figures
No transfer tax here
Texas levies no state transfer tax; recording fees are set by the county clerk. These are rules, not quotes — exact given the rules table.
Appraisal $500 — largest of 6 lines
Prepaid escrow (tax and insurance reserve) $1,581 — largest of 4 lines
What the seller has already paid that you owe back, plus the cost of actually moving in.
If the seller prepaid the year’s property tax you reimburse the unused part — and if they did not, the adjustment runs the other way and the seller credits you. This calculator has no closing date to count from, so the figure above is a flat placeholder of three months at this jurisdiction’s rate, not your adjustment. The real one is on your lawyer’s statement of adjustments.
Your lender collects a few months of property tax and homeowners insurance upfront to seed your escrow account, so it always has enough on hand to pay those bills when they come due.
This jurisdiction offers no closing-day credit. The bill above is the bill.
Some of this comes back. When it comes back matters as much as how much — a rebate that arrives at tax time is not closing-day money.
Applied on closing day
Applies here, and not priced
No transfer-tax or first-time-buyer rebate
Texas charges no real estate transfer tax, so there is nothing to rebate — and no federal first-time-homebuyer tax credit exists today. The rebates and credits modelled for other jurisdictions do not apply here.
Measured against net cash at closing — after the credits that actually arrive that day.
Measured against net cash at closing, after the credits that actually arrive that day.
Tell us what you have available and this becomes a yes or a no.
Every line, added up
The cash figure at the top of this page, operand by operand. Each group is the total of the section that lists it, so a figure here can be traced to the document it came from.
- Down payment
- $34,000
- + Taxes and government fees
- $0
- + Professional and third-party fees
- $2,035
- + Adjustments and moving in
- $4,826
- = Cash needed on closing day
- $40,861
- = Net cash at closing, after credits applied that day
- $40,861
Not in this bill
2 real costs the bill above does not price. Nobody publishes a figure for them, so this page names them rather than inventing one.
- The deposit. Within days of an accepted offer — usually weeks or months before closing day — certified funds go to the seller’s brokerage to be held in trust. It is credited against your down payment, so nothing is missing from the total above; what is missing is the date. Money locked in a term deposit, or still crossing a border, cannot be a deposit. The amount is negotiated offer by offer, which is why no figure is shown for it.
- Adjustments other than property tax. Condo fees, prepaid utilities and fuel left in the tank are all settled by the day, counted from your closing date. This calculator never asks for a closing date, so it prices none of them — your lawyer’s statement of adjustments is where they turn up.
What you owe on closing day, over and above the down payment.
Mortgage amount
$306,000
Below 20% down you pay private mortgage insurance (PMI) monthly, until it can be cancelled.
Every figure that carries a sourcing record names where it came from: a dated published source, an estimate we disclose, or nothing at all where nothing is published.
Rules last verified 2026-09-03