How Much Are Closing Costs in Arkansas? A Complete Guide for Buyers & Sellers

Buying or selling a home in Arkansas is exciting, but it also comes with a few expenses that catch many people by surprise. One of the biggest questions I hear from clients is:

“How much are closing costs in Arkansas?”

The answer depends on whether you’re the buyer or the seller, but in most cases, you can expect closing costs to range from 2%–5% of the home’s purchase price. Let’s break it down.

🔑 What Are Closing Costs?

Closing costs are the fees and expenses—beyond the home’s price—that must be paid at the time of closing (the day ownership officially transfers). These costs cover everything from loan origination fees to title work and property taxes.

📊 Average Closing Costs in Arkansas

For Buyers

• Typically 2%–3% of the purchase price

• On a $250,000 home, this could be $5,000–$7,500

For Sellers

• Typically 4%–6% of the purchase price (including Realtor commissions)

• On a $250,000 home, this could be $10,000–$15,000

💰 Common Buyer Closing Costs in Arkansas

Here are the most common fees Arkansas buyers can expect:

• Loan Origination Fee: 0.5%–1% of the loan amount

• Appraisal Fee: $500–$750

• Home Inspection: $300–$600 (optional but highly recommended)

• Credit Report Fee: $30–$50

• Title Search & Title Insurance: $500–$1,000

• Escrow Fees: $300–$500

• Recording Fees & Transfer Taxes: $100–$250

• Prepaid Expenses: Property taxes, homeowner’s insurance, and mortgage interest

👉 Pro Tip: Some lenders and programs (like VA loans) limit or reduce certain closing costs for buyers.

💵 Common Seller Closing Costs in Arkansas

Sellers usually cover a different set of expenses, most notably agent commissions. Here’s what’s typical:

• Realtor Commission: Usually 5%–6% of the sale price (split between buyer’s and seller’s agents)

• Title Insurance (Owner’s Policy): $500–$1,000

• Recording Fees & Transfer Taxes: $100–$250

• Attorney Fees (if used): $500–$1,500

• Outstanding Liens, HOA Fees, or Property Taxes (if applicable)

🏡 Who Pays What in Arkansas?

• Buyers usually pay for loan-related costs, appraisals, inspections, and title insurance for the lender.

• Sellers typically cover agent commissions, owner’s title policy, and any agreed-upon repairs or concessions.

However, everything is negotiable. In competitive markets, sellers may agree to cover part of the buyer’s closing costs to make the deal work.

📈 Can You Lower Closing Costs?

Yes! Here are a few strategies:

1. Shop Around – Compare lenders for lower origination fees and interest rates.

2. Negotiate With the Seller – Ask for seller concessions to cover part of your costs.

3. Use First-Time Buyer Programs – Many Arkansas lenders and state programs offer down payment and closing cost assistance.

4. Review the Loan Estimate – Always check for unnecessary fees.

✅ Bottom Line

In Arkansas, buyers usually pay 2%–3% of the purchase price in closing costs, while sellers pay 4%–6% (including commissions). Since every transaction is different, the best way to know your exact numbers is to request an estimate from your lender (if buying) or a net sheet from your Realtor (if selling).

👩‍💼 Need Help Navigating Closing Costs in Arkansas?

As a Central Arkansas Realtor®, I guide clients through every step of the process—from estimating costs up front to negotiating concessions that save you money at the closing table.

👉 If you’re buying or selling in Little Rock, Bryant, Benton, Conway, Cabot, Maumelle, or anywhere in Central Arkansas, let’s connect:

📲 Contact Me Here