Faulk County, South Dakota Closing Costs
On the $124,100 median Faulk County home, the county-specific closing items come to about $550: transfer tax $125, title insurance $425. 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 | $150 | $475 | $625 |
| $200,000 | $200 | $575 | $775 |
| $250,000 | $250 | $675 | $925 |
| $300,000 | $300 | $775 | $1,075 |
| $350,000 | $350 | $875 | $1,225 |
| $400,000 | $400 | $975 | $1,375 |
| $450,000 | $450 | $1,075 | $1,525 |
| $500,000 | $500 | $1,175 | $1,675 |
| $600,000 | $600 | $1,350 | $1,950 |
| $700,000 | $700 | $1,525 | $2,225 |
| $800,000 | $800 | $1,700 | $2,500 |
| $1,000,000 | $1,000 | $2,050 | $3,050 |
Frequently asked questions
How much are closing costs in Faulk County?
On the $124,100 median home, the county-specific items come to about $550: transfer tax $125, title insurance $375 for the owner's policy and $50 for the lender's. Lender fees, an appraisal, prepaid taxes and insurance come on top and depend on the loan.
Who pays these in Faulk County?
The seller customarily pays the South Dakota transfer tax. 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)
- S.D. Codified Laws Section 43-4-21, Imposition and amount of real estate transfer fee
- Stewart Title Guaranty Company, Manual of Charges and Forms for Use in South Dakota, Section B (Policies), effective 10/2/2023
Figures are computed from the documents above and rounded to the dollar. All sources.
All South Dakota buyer closing costs → Faulk County home buyer guide →
Figures are computed from the documents above and rounded to the dollar. General information, not financial advice.
Faulk County overview