Closing costs in North Carolina
On a $500,000 home with 20% down, buyers in North Carolina typically pay about $7,854 to $19,442 at closing, including prepaid taxes and insurance.
Typical buyer total1.6%–3.9%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | North Carolina’s excise tax ($1 per $500) is customarily paid by the seller. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $6,453 – $15,345 | 2.2%–5.1% |
| $300,000 | FHA, 3.5% down | $6,727 – $16,108 | 2.2%–5.4% |
| $500,000 | Conventional, 20% down | $7,854 – $19,442 | 1.6%–3.9% |
| $500,000 | FHA, 3.5% down | $8,311 – $20,714 | 1.7%–4.1% |
| $750,000 | Conventional, 20% down | $9,606 – $24,563 | 1.3%–3.3% |
| $750,000 | FHA, 3.5% down | $10,292 – $26,470 | 1.4%–3.5% |
Who pays what in North Carolina
North Carolina’s excise tax ($1 per $500) is customarily paid by the seller.
Questions
How much are closing costs for buyers in North Carolina?
Often about 1.6% to 3.9% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in North Carolina?
No. North Carolina’s excise tax ($1 per $500) is customarily paid by the seller.
More for North Carolina
Sources: North Carolina General Statutes §105-228.30. Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.