What Are the Closing Costs When Buying a Home in Cincinnati?

When you buy a home, the purchase price isn’t the only expense to plan for. Closing costs—the fees and services required to finalize your mortgage—can add up, but understanding them ahead of time helps you stay prepared.

In Cincinnati, buyers typically pay between 2% and 5% of the purchase price in closing costs. On a $300,000 home, that’s roughly $6,000–$15,000. These costs cover:

• Lender fees: origination, underwriting, and processing costs

• Title and escrow fees: to verify ownership and ensure a clean transfer

• Appraisal and inspection fees: to confirm value and condition

• Prepaid costs: property taxes, homeowner’s insurance, and interest

• Government fees: recording and transfer taxes

Some of these costs are negotiable. In certain cases, sellers may agree to cover part of your closing costs to help seal the deal—especially if their home has been on the market for a while.

Your lender will provide a Loan Estimate early in the process and a Closing Disclosure before settlement so you can review all costs line by line. Be sure to read carefully and ask questions if something doesn’t look right.

If funds are tight, some local and state programs—like those through OHFA—can help with down payment or closing assistance.

Buying a home is a big financial step, but knowing exactly what to expect means fewer surprises and a smoother closing day. Let’s make sure you’re informed, confident, and ready to celebrate when you get those keys in your hand.

Presented by Tanya Roesel, Comey & Shepherd Realtors513-678-5001 | tanya.roesel@comey.com