Ritchie County, West Virginia Closing Costs
On the $107,800 median Ritchie County home, the county-specific closing items come to about $755: transfer tax $238, title insurance $517. 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 | $330 | $660 | $990 |
| $200,000 | $440 | $830 | $1,270 |
| $250,000 | $550 | $1,000 | $1,550 |
| $300,000 | $660 | $1,170 | $1,830 |
| $350,000 | $770 | $1,340 | $2,110 |
| $400,000 | $880 | $1,510 | $2,390 |
| $450,000 | $990 | $1,680 | $2,670 |
| $500,000 | $1,100 | $1,850 | $2,950 |
| $600,000 | $1,320 | $2,150 | $3,470 |
| $700,000 | $1,540 | $2,450 | $3,990 |
| $800,000 | $1,760 | $2,750 | $4,510 |
| $1,000,000 | $2,200 | $3,350 | $5,550 |
Frequently asked questions
How much are closing costs in Ritchie County?
On the $107,800 median home, the county-specific items come to about $755: transfer tax $238, title insurance $417 for the owner's policy and $100 for the lender's. Lender fees, an appraisal, prepaid taxes and insurance come on top and depend on the loan.
Who pays these in Ritchie County?
The seller customarily pays the West Virginia 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)
- West Virginia Code Section 11-22-2, Rate of tax; when and by whom payable; additional county tax
- Stewart Title Guaranty Company, Schedule of Charges for the State of West Virginia, effective 08/25/2023
Figures are computed from the documents above and rounded to the dollar. All sources.
All West Virginia buyer closing costs → Ritchie County home buyer guide →
Figures are computed from the documents above and rounded to the dollar. General information, not financial advice.
Ritchie County overview