Closing Costs in Oklahoma
The average closing cost in Oklahoma is $13,056, which is 5.97% of the home price. Oklahoma's transfer tax rate is $0.75 per $500.
Oklahoma's closing costs are below the national average, with no state transfer tax on real estate transactions. This absence of transfer tax, combined with the state's affordable home prices, results in some of the lowest total closing costs in the country. Documentary stamp tax applies to the mortgage at $0.10 per $100, which is a minor expense. Title insurance rates are competitive, and the lack of mandatory attorney fees keeps professional costs low.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow, HUD, Tax Foundation
Avg Closing Costs
$13,056
As % of Price
5.97%
Transfer Tax
0.15%
Attorney Required
No
Closing Cost Breakdown for a $218,822 Home
| Item | Estimated Cost |
|---|---|
| Loan Origination Fee (1%) | $1,751 |
| Appraisal Fee | $500 |
| Credit Report | $50 |
| Title Search & Insurance | $1,094 |
| Transfer Tax | $328 |
| Recording Fees | $150 |
| Home Inspection | $400 |
| Survey | $350 |
| Attorney Fee (optional) | N/A |
| Prepaid Property Tax (2 months) | $281 |
| Prepaid Homeowners Insurance (1 year) | $656 |
| Prepaid Interest (15 days) | $468 |
| Estimated Total | $6,028 |
* Estimates based on average Oklahoma home price of $218,822 with 20% down payment. Actual costs may vary. Transfer tax, attorney fees, and prepaid items are state-specific.
How to Reduce Closing Costs in Oklahoma
No Transfer Tax Savings
Oklahoma charges no transfer tax on the sale of real property. This saves buyers hundreds to thousands at closing and is a significant advantage over neighboring Texas (which has no state income tax but higher closing costs) and Arkansas (which charges $3.30 per $1,000).
Use OHFA Homebuyer Programs
The Oklahoma Housing Finance Agency offers the OHFA Homebuyer Down Payment Assistance program with 3.5% of the loan amount as a forgivable second mortgage. The Dream program provides up to $25,000 in assistance for qualifying buyers in targeted areas.
Check for Earthquake Insurance Needs
Oklahoma has experienced a significant increase in seismic activity linked to wastewater injection wells from oil and gas production. Standard homeowners insurance does not cover earthquake damage. Earthquake insurance policies are available for $200-500 annually and are worth considering, especially in central Oklahoma.
Get a Termite Inspection
Oklahoma's warm, humid climate supports active termite populations. A wood-destroying organism inspection ($75-125) is required for VA and FHA loans and strongly recommended for all purchases. Termite bonds (annual protection plans) cost $250-400 per year.
Legal Context for Oklahoma Closings
Conveyance Document
Warranty deed; quitclaim deed sometimes used
Security Instrument
Real-estate mortgage; power-of-sale mortgage sometimes used
Foreclosure Process
Judicial
Attorney Required
No
Oklahoma uses warranty deed; quitclaim deed sometimes used for property transfers and real-estate mortgage; power-of-sale mortgage sometimes used as the security instrument. While an attorney is not required, you may still choose to hire one.
