Do You Pay Closing Costs When Buying a House in Cash?

Although they say cash is king, the unfortunate answer is yes, you will still pay closing costs on a cash deal.   Let's look at why you still pay closings costs and why this is even a question. 

A large chunk of closing costs are attributed to loan origination.  This is why there are less closing costs with a cash. The remainder of the closing costs are:

1. Settlement Fee
2. Owner's Title Insurance
3. Government Recording Fee
4. Transfer Taxes

Call or email me if you have any questions.