Are you wondering how much cash you need beyond your down payment to buy a home in Perrysburg? You are not alone. Closing costs can feel confusing, and they vary by lender, property, and timing. In this guide, you will see typical ranges, real examples at common price points, and local tips for Wood County so you can plan with confidence. Let’s dive in.
What closing costs cover
Closing costs are the one-time fees you pay to finalize your mortgage and transfer ownership. For most Ohio buyers, they usually total about 2-5% of the purchase price, not including your down payment. Your lender must give you a Loan Estimate within three business days of application and a Closing Disclosure at least three business days before closing. These documents list each fee so you can review and ask questions.
Quick Perrysburg examples
Use these simple scenarios to budget. Actual costs depend on your loan, property taxes, insurance, and timing.
- $200,000 purchase price: about $4,000–$10,000 in closing costs
- $300,000 purchase price: about $6,000–$15,000
- $400,000 purchase price: about $8,000–$20,000
The largest items often include lender fees, title insurance and settlement charges, prepaid property taxes and homeowner’s insurance, and inspection costs. Prepaid escrows for taxes and insurance can be a big piece depending on when you close.
Lender and loan fees
These are charged by your lender and loan service providers.
- Origination or application fee: often 0.5%–1% of the loan amount, or a flat fee. A $240,000 loan at 1% would be $2,400.
- Underwriting, processing, admin: typically $400–$1,200 total.
- Discount points: optional fee to reduce your interest rate. One point equals 1% of the loan amount.
- Appraisal: usually $400–$750 for a single-family home. Larger or unique homes may cost more.
- Credit report: about $30–$60.
- Small loan services: flood certification, tax service, rate lock, or escrow waiver fees are often $10–$200 each.
- Mortgage insurance: if you put less than 20% down, your loan may include private mortgage insurance. Some programs allow you to finance part of this cost, which changes your monthly payment instead of a large upfront fee.
Tip: Use the CFPB’s mortgage payment calculator to see how points and insurance affect your payment.
Title, settlement, and recording
These protect your ownership and handle the transfer.
- Title search and exam: about $150–$400.
- Lender’s title insurance policy: usually required by the lender. Pricing is based on the loan amount and follows filed rate schedules.
- Owner’s title insurance policy: priced from roughly 0.3%–0.8% of the purchase price depending on rate tiers. Who pays can be local custom or negotiated in the contract.
- Settlement or closing fee: about $200–$600.
- Recording fees: Wood County records your deed and mortgage for small per-document fees, often $20–$150 each. Check the Wood County Recorder for current schedules.
- Courier or wire fees: about $25–$75.
Prepaids and escrow deposits
These are not fees for services. They are advance funds set aside for ongoing costs.
- Property taxes: Ohio bills taxes on a semiannual cycle. Depending on when you close and what the seller has already paid, you may reimburse the seller for a portion and fund months into escrow. The amount can be several hundred to several thousand dollars.
- Homeowner’s insurance: your first year is often paid in full at closing. Budget $500–$1,800+ based on coverage and home value.
- Prepaid interest: daily interest from your closing date to the end of the month.
- Initial escrow deposit: lenders commonly collect 2–3 months of taxes and insurance to seed your escrow account.
- HOA or condo dues: some communities charge transfer or administrative fees and prorated dues. Plan $0–$500+ depending on the association.
Inspections, surveys, and repairs
These help you evaluate the property and satisfy lender requirements.
- General home inspection: typically $350–$700 in the Perrysburg area.
- Radon, termite, well or septic: usually $75–$500 each depending on scope.
- Survey: often $300–$800, higher for complex lots.
Local taxes and transfer charges
Ohio does not levy a large statewide real estate transfer tax. Counties and municipalities may apply conveyance or recording charges that are modest compared to other states. In Wood County, confirm the latest amounts with the Recorder’s office. Special assessments for local improvements, if present, will be prorated at closing.
Who pays what in Ohio
In many Ohio transactions, buyers pay lender fees, appraisal, and most prepaids. Sellers often pay brokerage commissions. Payment of the owner’s title policy can follow local custom or negotiation. Because practices vary by title company and neighborhood, review your purchase agreement and ask early which party pays which items. Your Closing Disclosure will reflect the final split.
Perrysburg and Wood County specifics
Understanding a few local details helps you budget more accurately.
Property taxes and timing
Tax assessments and effective rates are set by the county auditor and local levies. Your prepaid and escrow amounts depend on the billing cycle and your closing date. For current rates and parcel lookups, use the Wood County Auditor. For payment schedules and due dates, check the Wood County Treasurer. For state-level background on how real property tax works, see the Ohio Department of Taxation’s property tax FAQs.
Recording and conveyance fees
Recording fees are small but vary by document type. Your title company will include the exact amounts on your Closing Disclosure, but you can review the county’s current process and resources at the Wood County Recorder.
HOA and condo considerations
Perrysburg includes neighborhoods with homeowners associations and several condo developments. Some HOAs charge a resale package, transfer fee, or require a prepaid reserve. Ask for the HOA’s resale documents early so you know the exact amount and whether dues will be prorated at closing.
How to reduce your closing costs
A few smart steps can lower what you pay at the table.
- Compare lenders and ask for a written Loan Estimate from each. Shopping can reduce origination and rate. The CFPB’s rate explorer is a useful starting point.
- Ask about lender credits in exchange for a slightly higher rate. This can reduce cash due at closing.
- Negotiate seller concessions within program limits. Concessions can cover some closing costs and prepaids.
- Time your closing late in the month to reduce prepaid interest for that first month.
- Avoid buying discount points unless the breakeven fits your time horizon.
- Choose the right homeowners insurance coverage and shop quotes to manage your premium.
What you will see and when
- Within 3 business days of your application, your lender must issue a Loan Estimate that outlines projected fees and your interest rate.
- At least 3 business days before closing, you must receive your Closing Disclosure with final numbers. Review line items for title, recording, taxes, insurance, and any HOA charges.
- If anything looks off, ask your lender, title company, or agent to explain or correct it before the signing day.
Simple buyer checklist
- Get at least two Loan Estimates and compare rates, fees, and cash to close.
- Ask who pays the owner’s title policy in your contract and confirm with the title company.
- Budget for prepaids and initial escrow deposits based on Wood County tax timing.
- Order inspections early and plan for potential follow-ups.
- Review your Closing Disclosure as soon as it arrives and request updates if needed.
- Keep a small contingency buffer, about 5–10% of estimated closing costs, for last-minute prorations or fees.
A local guide to your closing
You deserve a smooth closing with no surprises. Our team helps you read each line item, confirm local fees with the county and title company, and keep your budget on track. If you want clear numbers and steady communication from contract to keys, we are ready to help. Start a conversation with Thomas Aukland today.
FAQs
How much are buyer closing costs in Perrysburg?
- Most buyers should budget about 2-5% of the purchase price for closing costs, not including the down payment.
What fees are included in buyer closing costs?
- Typical items include lender fees, appraisal, title insurance and settlement, recording, inspections, prepaid property taxes and insurance, and initial escrow deposits.
When will I know my exact cash to close?
- You will receive a Loan Estimate within 3 business days of application and a Closing Disclosure at least 3 business days before closing, which shows final numbers.
Can the seller or lender cover some costs?
- Yes, seller concessions and lender credits can reduce your out-of-pocket amount, subject to loan program limits and negotiated terms.
Are any buyer closing costs tax-deductible?
- Some items like mortgage interest and points in certain cases may have tax implications, while others typically do not; consult a tax professional or IRS guidance.
Where can I check local taxes and fees for Perrysburg?
- Use the Wood County Auditor for parcel and tax info, the Treasurer for payment timelines, and the Recorder for recording fee resources; your title company will confirm exact amounts.
