Closing Costs Calculator

In Texas, closing costs typically run between 2% and 5% of the loan amount. This includes title insurance (which is set by the Texas Department of Insurance), lender fees, appraisal, and various prepaids. On a $400,000 home, expect roughly $8,000–$15,000 in total closing costs before the down payment.

Yes! Seller concessions (also called seller credits or seller-paid closing costs) are common in Texas. The amount a seller can contribute depends on your loan type — Conventional loans allow up to 3–9% of the price, FHA allows up to 6%, and VA allows up to 4%. Your STX Lending loan officer can negotiate these into your purchase contract.

Closing costs are one-time fees charged to process and close your loan (origination, title, appraisal, etc). Prepaids are funds collected in advance to establish your escrow account — typically including prepaid interest, 12 months of homeowners insurance, and several months of property tax reserves.

Some closing costs are tax deductible in the year you buy or refinance. Mortgage points (origination fees), prepaid property taxes, and prepaid mortgage interest are commonly deductible. However, title insurance, appraisal fees, and most third-party fees are not. Consult your tax professional for guidance specific to your situation.

For refinances, yes — you can typically roll closing costs into the new loan balance (called a 'no-closing-cost' refinance), though this increases your loan amount and total interest paid. For purchases, you generally cannot finance closing costs into the loan, but you can negotiate seller credits or use lender credits in exchange for a slightly higher interest rate.