Fairbanks North Star Borough, Alaska Closing Costs
On the $282,500 median Fairbanks North Star Borough home, the county-specific closing items come to about $1,206: no transfer tax in Alaska, title insurance $1,206. Lender fees, appraisal and prepaids are added by the loan, not the county.
County-specific closing costs by purchase price
| Purchase price | Transfer tax | Title insurance (both policies) | Total |
|---|---|---|---|
| $150,000 | $0 | $807 | $807 |
| $200,000 | $0 | $957 | $957 |
| $250,000 | $0 | $1,107 | $1,107 |
| $300,000 | $0 | $1,257 | $1,257 |
| $350,000 | $0 | $1,407 | $1,407 |
| $400,000 | $0 | $1,557 | $1,557 |
| $450,000 | $0 | $1,707 | $1,707 |
| $500,000 | $0 | $1,857 | $1,857 |
| $600,000 | $0 | $2,107 | $2,107 |
| $700,000 | $0 | $2,357 | $2,357 |
| $800,000 | $0 | $2,582 | $2,582 |
| $1,000,000 | $0 | $2,982 | $2,982 |
Frequently asked questions
How much are closing costs in Fairbanks North Star Borough?
On the $282,500 median home, the county-specific items come to about $1,206: no transfer tax in Alaska, title insurance $1,131 for the owner's policy and $75 for the lender's. Lender fees, an appraisal, prepaid taxes and insurance come on top and depend on the loan.
Who pays these in Fairbanks North Star Borough?
Who pays the owner's title policy is negotiable; the buyer pays the lender's policy and the mortgage recording fee.
Sources
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25077 (median value of owner-occupied housing units)
- SB 179, ch. 19 SLA 2024 (bars municipalities and boroughs from levying a sales, use, or transfer tax on real property transfers)
- Stewart Title Guaranty Company Rate Filing for the State of Alaska, effective 2/20/2017 (filed with the Alaska Division of Insurance), Section 1.13 Basic Insurance Rate Schedule A and Section 2.1/2.4 Owner's and Loan Policy Basic Charges
Figures are computed from the documents above and rounded to the dollar. All sources.
All Alaska buyer closing costs → Fairbanks North Star Borough home buyer guide →
Figures are computed from the documents above and rounded to the dollar. General information, not financial advice.
Fairbanks North Star Borough overview