Texas closing cost calculator
Buyer-side closing costs for any home in Texas.
Texas has no state income tax - and one of the highest property tax rates in the country (1.80% effective). At closing, the seller customarily pays for the owner's title insurance policy under Texas's promulgated rate. Buyers cover lender fees, the loan title policy, recording, and prepaid escrow for those high property taxes.
Worked examples
Real numbers for common scenarios. These are estimates - your final closing disclosure will reflect the exact fees your specific loan and property require.
Scenario
$385,000 home in Austin, 20% down
Inputs
- Sale price
- $385,000
- Loan
- $308,000
Estimate
- Lender fees
- $1,850
- Loan title policy
- $320
- Survey
- $575
- Initial escrow (TX tax-heavy)
- $4,200
- Recording + misc
- $280
- Estimated buyer closing costs
- $7,225
Run your own numbers
The calculator gives you the same itemized breakdown for any price, down payment, loan type, and location.
Open the calculatorFrequently asked questions
Why are property taxes so high in Texas?+
Texas has no state income tax, so cities, counties, and school districts fund their budgets primarily through property tax. The statewide effective rate averages 1.80%, with Austin, Houston, and Dallas suburbs often above 2.5% when you include MUD and PID assessments. On a $400,000 home that's $7,200-$10,000+ per year.
What is a MUD or PID in Texas?+
A Municipal Utility District (MUD) or Public Improvement District (PID) is a special taxing district that funds water, sewer, drainage, or amenities in newer Texas suburbs. MUD/PID taxes appear on top of your county/school property tax and can add 0.5-1.5% to your effective rate. Always ask for the current MUD/PID rate before making an offer in a master-planned community.
All numbers shown are estimates for planning purposes. Closing costs, taxes, and fees vary by lender, title company, county, and individual transaction. LoanElk is not a lender, broker, or financial advisor. Your final Loan Estimate and Closing Disclosure are the authoritative figures.