About To Buy A House In Las Vegas? Closing Costs Explained

Buying your first home is exciting—but when you’re nearing the finish line, you’ll probably hear a new phrase: closing costs. These are the fees and expenses due at the closing of your home purchase, separate from your down payment. If you’re buying a home in Las Vegas, here’s a quick breakdown of what to expect when it comes to closing costs.

What Are Closing Costs?

Closing costs are the costs required to finalize your mortgage and transfer ownership of the home. In Las Vegas, buyers typically pay about 2%–5% of the home’s purchase price in closing costs. However, the exact amount varies based on your loan, the home you’re buying, and any negotiated credits. Your lender will provide you with a loan estimate outlining estimated closing costs after you apply for a mortgage. A few days before you close on a home, you’ll receive the Closing Disclosure documents with the final closing costs.

Common Closing Costs For Las Vegas Buyers

Here are the main categories you’ll see on your Closing Disclosure:

1. Loan-related fees

These come from your lender and may include:

• Loan origination fee – for processing your mortgage
• Appraisal fee – confirms the home’s market value
• Credit report and underwriting fees

If you’re using an FHA, VA, or conventional loan, the mix of fees can differ slightly.

2. Title and escrow fees

In Nevada, real estate closings are handled by a title and escrow company. Typical costs include:

• Title insurance – protects you and your lender against ownership issues
• Escrow fee – for managing documents and funds
• Recording fees – paid to the county to officially record the sale

These fees are common in Las Vegas transactions and are often split between the buyer and seller, depending on your contract.

3. Property Taxes and Prepaids

You’ll usually prepay certain costs at closing, such as:

• Prorated property taxes
• Homeowners insurance premium
• Prepaid interest from closing day to the end of the month

These aren’t extra charges—they’re simply paid upfront.

4. Transfer Taxes

Nevada has a Real Property Transfer Tax that varies by county. It’s typically split between buyer and seller, though this is negotiable and spelled out in your purchase agreement.

5. HOA Fees 

Many Las Vegas homes—especially new construction—are in HOAs. Closing costs may include:

• HOA initiation or transfer fees
• Resale package or disclosure fees
• Prorated monthly dues

These costs are unique to HOA communities and can surprise first-time buyers if they’re not prepared.

Who Pays Closing Costs?

As a buyer, you’re responsible for most of the costs listed above. However, sellers may contribute toward your closing costs as an incentive to buy their home. Builders also may offer incentives, especially on new homes. For instance, Touchstone Living pays 100% of your closing costs, allowing you keep those savings in your pocket. Additionally, you can sometimes choose a slightly higher interest rate in exchange for lender credits. Ask your real estate agent, lender, or builder to help you explore these options.

Closing Costs Don’t Have To Be A Surprise

Closing costs are a normal part of buying a home in Las Vegas, and while they may seem complicated at first, they’re manageable with the right guidance. Knowing what’s included—and planning ahead—can help you feel confident and prepared on closing day. 

If you’re buying your first home, don’t hesitate to ask questions. Your lender, real estate agent, or builder can help you understand your options and, in many cases, reduce out-of-pocket costs so you can focus on what really matters: moving into your new home!

Touchstone Living Makes Home Buying Simple And Affordable

If you are tired of "hidden fees" and want a straightforward, affordable path to homeownership in Las Vegas, it’s time to look at a Touchstone Living community. Our gorgeous planned communities have something for everyone, and we offer guidance through every step of the process. Contact the community where you want to live, and we’ll tell you all about available homes, financing options, and more.