Trying to figure out what you will actually pay at the closing table in Austintown? You are not alone. Closing costs can feel confusing because they mix lender fees, third‑party services, title charges, and prepaid items like taxes and insurance. In this guide, you will learn what is typical for buyers and sellers around Youngstown, how costs are split in Ohio, and a simple way to estimate your numbers before you sign. Let’s dive in.

What closing costs include

Closing costs are the one‑time expenses due when you finalize a home purchase or sale. They generally cover:

• Lender charges, including origination, underwriting, and processing
• Third‑party services, such as appraisal, inspection, and title work
• Title insurance policies (lender’s and, often, owner’s)
• Recording fees for the deed and mortgage
• Prepaid items and escrow deposits for property taxes and homeowners insurance
• Prorations for taxes and utilities based on the closing date
• Seller expenses, such as real estate commissions and any agreed credits

Buyers commonly pay about 2 to 5 percent of the purchase price in closing costs, in addition to the down payment. Sellers often pay roughly 6 to 10 percent of the sale price when real estate commissions are included. Your exact total will depend on your contract terms and who pays which line items.

Austintown buyer costs: what to expect

Every loan and property is different, but most buyers in Mahoning County see some version of the items below.

Typical buyer line items and ranges

• Loan origination and lender fees: about 0.5 to 1.5 percent of the loan amount, or flat fees of about $500 to $2,000
• Appraisal: usually $400 to $800
• Home inspection: generally $300 to $600; specialty inspections often $100 to $500 each
• Title search and settlement: commonly $400 to $1,200 combined
• Title insurance: lenders typically require a lender’s policy; an owner’s policy is optional protection for you
• Recording fees: deed and mortgage recording often total $50 to $300, depending on document count
• Escrow deposits: 2 to 6 months of property taxes and homeowners insurance to fund your impound account
• Private mortgage insurance (if applicable): can be collected monthly, with an initial amount at closing depending on loan type
• Survey (if required): about $300 to $700
• HOA transfer or application fees (if applicable): often $50 to $400
• Miscellaneous items: credit report, flood certification, and courier fees often total $30 to $200

Local note: In Ohio and much of the Midwest, it is common for the seller to pay for the owner’s title insurance policy. This is a custom, not a rule, and it is negotiable in your purchase agreement. Confirm with your title company early.

Austintown seller costs: what to expect

Sellers cover several items that do not appear on the buyer’s side.

Typical seller line items and ranges

• Real estate commission: commonly 5 to 6 percent of the sale price in total, shared between the listing and buyer’s broker
• Owner’s title insurance policy: often paid by the seller in Ohio based on local custom, but negotiable
• Seller concessions: any negotiated buyer credits toward closing costs or prepaids
• Mortgage payoff and lien releases: your remaining principal plus any payoff and recording fees
• Prorated property taxes and utilities: you pay through the closing date, buyer pays thereafter
• Recording fees for lien releases: generally $25 to $150, depending on county schedule
• Home warranty or repairs: only if agreed in the contract; warranties often $300 to $700

Local note: Ohio does not apply a large statewide realty transfer tax like some states. Always verify any municipal or county conveyance charges with your title company as part of your estimate.

Who pays what in Ohio

Custom in Ohio often has the seller paying for the owner’s title policy, while the buyer pays for the lender’s policy, appraisal, most lender fees, and prepaid escrow items. Recording fees are typically split based on document type, with the buyer often paying deed and mortgage recording. These are customs, not laws. Your purchase agreement and the title company’s settlement statement will show the final allocation.

How to estimate your costs

Your lender will provide a Loan Estimate within three business days of application. Near the end, you will receive a Closing Disclosure at least three business days before closing. Compare the two, ask questions about any changes, and request an itemized estimate from your title company for title premiums and recording fees.

Use the worksheet below to build a quick estimate for a typical Austintown purchase. The example uses a $160,000 price for illustration only.

Closing cost worksheet example

Replace the example price and loan amounts with your actual numbers.

For the $160,000 example, buyer closing costs often land around $3,000 to $8,000 before down payment, depending on loan terms, escrow, inspections, and title charges. Seller totals are often driven by commission, plus the owner’s title policy and prorations.

Mahoning County tips and local checks

• Confirm recording fees and document counts early with your title company. Fees vary based on the number of pages recorded and any local surcharges.
• Use the Mahoning County Auditor’s parcel search to review assessed value and recent tax amounts, which helps estimate prorations.
• Ask your title company if seller‑paid owner’s title policies are customary for Austintown this season. Customs can shift with market conditions.
• Check for any special assessments, water or sewer balances, or HOA documents that can add transfer or processing fees.
• If the property is near the Trumbull County line, confirm procedures with the title company because recording steps and fee schedules can differ.

Smart ways to reduce or manage costs

• Shop your mortgage. Compare quotes for rate, points, and origination fees. Ask about lender credits to offset closing costs.
• Clarify who pays what. A short addendum can allocate title fees and recording charges to match local custom or your negotiation.
• Consider seller concessions. A closing cost credit can help buyers bring less to the table, though sellers will weigh this against price and terms.
• Review the Loan Estimate and the Closing Disclosure line by line. Flag large changes and ask for written explanations.
• Time your closing date. Closing late in the month can reduce prepaid interest, while property tax cycles can affect escrow amounts.

What to do next

• Ask your lender for a Loan Estimate and request an updated version if your pricing or loan type changes.
• Request an itemized quote from your title company for title premiums, settlement fees, and recording charges.
• Ask your agent for a buyer estimate or a seller net sheet based on your contract price and target closing date.
• Use the worksheet above with your real numbers. Print it and bring it to your consultation so everyone can review the same figures.

If you want a local estimate tailored to your address, reach out. We can coordinate with your lender and title company, then deliver a clear, no‑pressure breakdown that fits Austintown’s norms. Connect with The Duvall Group for a simple, organized path to the closing table.

FAQs

What are typical buyer closing costs in Austintown?

• Buyers often pay about 2 to 5 percent of the purchase price in closing costs, plus any prepaid escrow deposits for taxes and insurance.

Who usually pays for owner’s title insurance in Ohio?

• It is common for the seller to pay for the owner’s title insurance policy in Ohio, but it is negotiable and should be confirmed in your purchase agreement.

How are property taxes handled at closing in Mahoning County?

• Taxes are usually prorated so the seller pays through the closing date and the buyer pays thereafter, with the buyer’s lender often collecting several months of tax escrow.

Do sellers in Austintown pay a transfer tax?

• Ohio does not have a large statewide realty transfer tax like some states, but you should confirm any county or municipal conveyance charges with your title company.

What fees can buyers shop or negotiate?

• You can shop lender origination fees and interest rates, compare title settlement costs, and negotiate seller concessions to help cover some buyer closing costs.

When do I see my final closing numbers?

• You should receive your Closing Disclosure at least three business days before closing; compare it with your earlier Loan Estimate and ask questions about any changes.

Ready to see your numbers in black and white for an Austintown purchase or sale? Reach out to The Duvall Group for a clear, local closing cost estimate and next steps that fit your timeline.