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Closing Costs in McLean, VA

Calculate closing costs for McLean, VA real estate. McLean is one of the most affluent communities in the DMV with a median home price exceeding $1.2 million. Higher purchase prices mean closing costs require careful planning.

Median Price: $1,200,000Est. Range: 2% to 4.5% for buyers, 1% to 2.5% for sellersFairfax County

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Local Taxes & Fees in McLean, VA

McLean's median sits above $1.2 million, which is the point where percentage-based line items stop being background noise: state recordation tax alone is roughly $3,000 for the buyer and grantor tax roughly $1,200 for the seller on a median-priced sale. At that size, get the split of every seller-side charge written into the contract rather than settled at the table.

A sale in Fairfax County carries two separate regional fees, each $0.10 per $100: the regional WMATA capital fee under Va. Code § 58.1-802.3, which applies because this is a Northern Virginia Transportation Authority member, and the regional congestion relief fee under § 58.1-802.4, which applies because this is Planning District 8. Both statutes place the fee on the grantor, though in each case the parties may agree the buyer pays part of it, so the default is $0.20 per $100 of the sale price on the seller. On a $1,200,000 sale the two together come to $2,400. Purchase closings only: a refinance records a deed of trust rather than a conveyance, so neither fee nor the grantor tax applies to one.

Recordation tax is Virginia's state rate of $0.25 per $100 under Va. Code § 58.1-801, paid by the buyer. Under § 58.1-814 a locality that adopts an ordinance may add one-third of that ($0.0833 per $100), also charged to the buyer — so no Virginia locality levies $0.10 as recordation tax. Whether Fairfax County has adopted that ordinance is not reflected in these figures; confirm with the Circuit Court Clerk before relying on a recordation number.

Frequently Asked Questions — McLean, VA Closing Costs

How much are closing costs in McLean, VA?

Closing costs in McLean, VA typically range from 2% to 5% of the purchase price for buyers and 1% to 3% for sellers. For a $500,000 home, expect $10,000–$25,000 in buyer closing costs. Exact amounts depend on loan type, title insurance choices, and Fairfax County recording fees.

Who pays closing costs in McLean, Virginia?

Both buyers and sellers pay closing costs in Virginia. Buyers typically cover title insurance, loan fees, recording fees, and prepaid items. Sellers pay the grantor tax, their settlement fee, and agent commissions. In McLean, some costs are negotiable between parties.

What is the grantor tax in Virginia?

The Virginia grantor tax is $0.50 per $500 of the sale price (effectively 0.1%). This is paid by the seller at closing. On a $500,000 home, the grantor tax is $500.

Does McLean have additional local transfer taxes?

No local transfer tax — Virginia gives localities no power to levy one. But a purchase in McLean does carry two state-imposed Northern Virginia regional fees totalling $0.20 per $100, payable by the seller by default and not owed on a refinance. See the local tax section above for the statutes and a worked figure.

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Need a Precise Closing Cost Estimate?

These are estimates based on standard Fairfax County rates. Every transaction is different — contact Will Rapuano at Pruitt Title LLC for an accurate, line-by-line closing cost breakdown for your McLean, VA property.