Missouri Closing Cost Calculator
Estimate buyer closing costs in Missouri. Pre-loaded with the state's transfer tax (0%), property tax rate (0.97%), and typical recording fees — every line item editable.
Closing costs in Missouri
Buyers in Missouri typically pay around 1.6% of the purchase price in closing costs — separate from the down payment. On a $400,000 home that's roughly $6,400 in fees, taxes, and prepaid escrow.
What goes into closing costs?
- Lender fees — origination (typically 0.5–1.5% of loan), credit report, underwriting.
- Third-party fees — appraisal ($500–$700), home inspection ($400–$600), title search and title insurance.
- State and local taxes — transfer tax (Missouri has no state transfer tax), recording fees, and Missouri does not impose a separate mortgage recording tax.
- Prepaid items — first months of property tax escrow, hazard insurance, and prepaid interest from closing day to month-end.
First-time buyer assistance in Missouri
The MHDC First Place Loan program offers down payment and closing cost assistance to qualifying first-time buyers in Missouri. Income limits and home price caps apply — check with a local lender or Missouri housing finance agency for current terms.
Who pays for what?
Closing cost responsibility splits vary by state custom and contract negotiation. In most US transactions the buyer pays lender, appraisal, inspection, and prepaid items. The seller typically pays real estate commissions and the owner's title policy. Transfer taxes split differently by state — in Missouri, there is no state transfer tax to negotiate.
Compare to other states
Closing costs vary widely. Missouri buyers pay 1.6% on average — compare to high-cost states like Delaware (4.5%), New York (4.0%), and DC (4.0%), or low-cost states like Indiana (1.9%) and Missouri (1.6%). See the national calculator to compare side-by-side.
Frequently asked questions about Missouri closing costs
How much are closing costs in Missouri?+
Buyers in Missouri typically pay around 1.6% of the purchase price in closing costs. On a $400,000 home, that's roughly $6,400 — separate from your down payment. This covers lender fees, third-party fees (appraisal, inspection, title), state and local taxes, and prepaid escrow items.
What is the transfer tax in Missouri?+
Missouri does not impose a state realty transfer tax. Some counties or municipalities may have local transfer taxes, so check with your title company for the specific transaction location.
Does Missouri have a mortgage recording tax?+
No, Missouri does not impose a separate mortgage recording tax. You'll still pay standard recording fees (typically around $100) to record the deed and mortgage with the county, but there's no percentage-based mortgage tax.
Who pays closing costs in Missouri?+
In Missouri, the buyer typically pays lender fees (origination, appraisal, credit report), third-party fees (inspection, attorney if used, title insurance lender policy), and prepaid items (first months of property tax escrow, hazard insurance, prepaid interest). The seller typically pays the real estate commission and the owner's title insurance policy. Transfer tax responsibility doesn't apply (no state transfer tax).
Are there first-time home buyer programs in Missouri?+
Yes. The MHDC First Place Loan program offers down payment and closing cost assistance to qualifying first-time buyers in Missouri. Income limits and home price caps typically apply. Eligibility, current grant/loan amounts, and approved lender list change each year — check the Missouri housing finance agency or speak with a local lender for current terms.
Can I roll closing costs into the loan in Missouri?+
Some loan programs allow it. For VA and USDA loans, certain costs can be financed. For FHA and conventional loans, you typically cannot finance closing costs into the loan amount, but you can negotiate seller concessions (the seller pays a portion of your closing costs out of their sale proceeds). Seller concessions in Missouri are capped by loan program — conventional: 3% (high LTV) to 9% (low LTV); FHA: 6%; VA: 4%.
How accurate is this estimate?+
This calculator uses Missouri median rates and typical fee ranges to produce a reasonable estimate. Your actual closing costs vary by lender (origination fees range from 0% to 1.5%+), title company (insurance and search fees are competitive), county (recording fees and local transfer taxes vary), property (older homes may need extra inspections), and loan program (FHA, VA, conventional have different fee structures). Your binding number is the Loan Estimate (within 3 days of application) and Closing Disclosure (3 days before closing) from your lender.
Browse other state closing cost guides
Disclaimer: Estimates only. Closing costs vary by lender, title company, county, and property. Numbers reflect typical residential purchases in Missouri — your final Loan Estimate and Closing Disclosure are authoritative. This is not financial or legal advice.