Closing Cost Calculator for Oklahoma: Seller Averages
This free calculator can help home sellers in Oklahoma estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Sooner State, enter the information for each of the input fields above. You can see typical or state averages for most Oklahoma seller closing costs below.
Home Selling Price: $244,000
How does your home compare to the state’s median selling price of $244,000? To determine your listing price, you can:
1. Get a preliminary estimate with HomeLight’s free Home Value Estimator
2. Request a Comparative Market Analysis (CMA) from a top Oklahoma agent
3. Purchase a pre-listing home appraisal (typically $675 in Oklahoma)
4. Visit this HomeLight map link to compare recently sold homes in Oklahoma
Mortgage Payoff Amount: $167,347
According to the credit experts at Experian, the average mortgage balance for Oklahoma homeowners is $167,347. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.
Listing Agent Fee: $6,100–$7,320
A typical listing agent commission in Oklahoma is 2.5% to 3% of the home’s selling price. On a $244,000 house, your agent’s fee might range from $6,100–$7,320.
Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your Oklahoma market.
Buyer’s Agent Fee: $6,100–$7,320
In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $244,000 median-priced Oklahoma home, you can expect to pay $6,100–$7,320.
Detailed Closing Costs: $3,660
Closing costs in Oklahoma average about 1.5% of the home’s sale price. On a median-priced home of $244,000, you might pay $3,660. Below are some of the typical types of closing costs you can expect:
- Home Preparations: Curb appeal can give a strong first impression. This means interior house cleaning, landscaping, or staging the property for buyers.
- Renovations/Repairs: Fixing or updating your property to get ahead of inspection requests and keep in line with market demand.
- Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property. This is split between the buyer and seller in Oklahoma.
- Owner’s Title Insurance: A one-time insurance premium paid usually paid for by the seller to protect the buyer from title issues or ownership disputes. Buyers pay for this in Oklahoma, but sellers can do so as a concession.
- Transfer Taxes: Oklahoma home sellers pay a transfer tax rate of $0.75 for every $500 of the property’s value. (See more below.)
- Recording Fees: Fees paid to the local government to officially record the change in property ownership.
- Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
- Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Oklahoma.)
- Moving Expenses: While not technically a closing cost, you might want to include this expense in your budget, which can range from $883 to $7,000.
Sellers are required to pay a transfer tax fee of $0.75 for every $500 of the property’s sale price. Additional transfer taxes can also apply depending on the city or county in which the home is sold.
Make Buying and Selling Easier: Most Oklahoma sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Helpful Seller Tools From HomeLight
Here are some additional tools you may find helpful as you plan your Oklahoma home sale:
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commissions Calculator
- Net Proceeds Calculator
Want to avoid closing costs and sell fast? Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Oklahoma home to get started. Along with your offer, you’ll also see an estimate of what a top Oklahoma agent might be able to get for your home. Get both options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: