Arkansas Closing Costs Calculator
Estimate closing costs for buying a home in Arkansas. Average closing costs run 1.5% of the purchase price (about $3K on the median home).
Arkansas: Avg closing costs 1.5% of price. Transfer tax: 0.33%.
Lender Fees
$1,829
origination, underwriting
Third-Party
$2,425
appraisal, title, inspection
Government Fees
$644
transfer taxes, recording
Prepaids + Escrow
$3,990
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,404
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,275
Recording Fee$150
Transfer Tax$644
Prepaid Taxes (3 mo)$302
Prepaid Insurance (12 mo)$2,500
Prepaid Interest (15 days)$469
Escrow Reserves$719
Total Closing Costs$8,887
Arkansas Housing at a Glance
Median Home Price
$195K
Arkansas statewide
Property Tax Rate
0.62%
$101/mo on median
Avg Closing Costs
$3K
1.5% of purchase price
Homeowners Insurance
$2,500/yr
$208/mo
Arkansas First-Time Buyer Program
ADFA Down Payment Assistance
Down payment assistance: Up to $15,000 DPA