Virginia Purchase & Closing Cost Analysis
	Assumptions
	Selling price of property
	Assessed Valuation*
	Mortgage Amount
	* Enter the property assessed valuation. The state & county deed transfer tax is calculated on the GREATER of the Assessed Valuation or Sales Price!!!
	Transfer & Recordation Tax
	DEED TRANSFER TAX			BUYER		SELLER
	State Transfer Tax	Split 50/50 Buyer Pays 100% Seller Pays 100%
	County/City Transfer Tax	Split 50/50 Buyer Pays 100% Seller Pays 100%
	Total Deed Transfer Tax
	DEED OF TRUST (Mortgage) TAX
	State Mortgage Tax	Split 50/50 Buyer Pays 100% Seller Pays 100%
	County/City Mortgage Tax	Split 50/50 Buyer Pays 100% Seller Pays 100%
	Total Recordation Tax
	GRANTOR (Seller) Transfer Tax	Split 50/50 Buyer Pays 100% Seller Pays 100%
	Title Insurance
	Policy Type	Basic Coverage Expanded Coverage		OWNERS POLICY		LENDERS POLICY
	Policy Coverage	Lenders Policy Owners Policy Simultaneous Issue