How Much Are Closing Costs for Buyers in Edmonds, WA?

How much are closing costs for buyers in Edmonds, WA?

Buyers in Edmonds, WA typically pay 2–3% of the purchase price in closing costs, not counting the down payment. On a $725,000 home, near Edmonds’ median, that’s roughly $14,500–$21,750 due at closing. Edmonds is entirely in Snohomish County, which means all recording fees and property tax prorations flow through Snohomish County. The largest line items are loan origination, lender’s title insurance, escrow fees, and prepaids for homeowners insurance and property taxes.

Edmonds is one of the most desirable small cities on the Puget Sound, ferry access to Kingston, a charming downtown art scene, Brackett’s Landing waterfront, and actual walkable streets. But before you fall in love with the lifestyle, you need a clear-eyed picture of what it costs to close on a home here. Closing costs are one of the most consistently underestimated expenses in any purchase, and Edmonds buyers are no exception.

What Do Buyers Pay at Closing in Edmonds?

Budget 2–3% of the purchase price in closing costs, separate from your down payment. At Edmonds’ typical price range, that’s $14,500–$22,500 on a $725,000 home. These costs cover three broad categories: lender fees, title and escrow charges, and prepaid expenses.

One important Washington State note: buyers do not pay the Real Estate Excise Tax (REET). That graduated transfer tax, which runs 1.1–2.75% of the sale price, is the seller’s responsibility. You won’t see it on your closing statement.

Closing Cost Breakdown for Edmonds Buyers

Lender fees: Loan origination typically runs 0.5–1% of the loan amount. On a $580,000 loan (20% down on a $725,000 home), that’s $2,900–$5,800. Add appraisal ($600–$1,000), underwriting ($500–$1,200), and a credit report fee ($30–$50).

Title and escrow (Snohomish County): Lender’s title insurance is required, expect $700–$1,400. Owner’s title insurance (which protects you) is optional but recommended at $600–$1,100. Your share of the escrow fee runs $500–$900, and Snohomish County recording fees are $150–$250.

Prepaids: Homeowners insurance for the first year runs $1,200–$2,000. Your lender will require 3–6 months of property taxes upfront into escrow, at Snohomish County’s effective rate of approximately 1.0–1.1%, that’s $1,813–$3,988 on a $725,000 home. Finally, prepaid mortgage interest covers the days from closing through month-end, closing earlier in the month costs more.

Unlike Bothell, which straddles King and Snohomish counties, Edmonds is entirely in Snohomish County. That simplifies your escrow, one set of recording fees, one assessor’s office, and consistent tax rates across every property in the city. If you’re also looking at buying a home in Kenmore, WA, note that Kenmore is King County and the tax rates differ slightly.

Have questions about what your specific closing estimate will look like? Text HOME to 206-245-8813 and Emily will walk through the numbers with you.

Frequently Asked Questions

How much are closing costs for buyers in Edmonds, WA?

Budget 2–3% of the purchase price beyond your down payment. On a $725,000 home, that’s approximately $14,500–$21,750 at closing. Ask your lender for a Loan Estimate early, they’re required to provide one within three business days of your application, and it itemizes every fee.

Is Edmonds in King or Snohomish County?

Edmonds is entirely in Snohomish County, no county split. All recording fees, property taxes, and local levies apply consistently to Snohomish County rates. This is simpler than cities like Bothell that cross county lines.

Do buyers pay excise tax when buying in Edmonds?

No. In Washington State, the Real Estate Excise Tax (REET) is paid by the seller. Buyers don’t owe REET at all, it won’t appear on your Closing Disclosure.

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Ready to talk through your budget for buying in Edmonds? Text HOME to 206-245-8813 or visit HomeProAssociates.com to connect with Emily.

For the full neighborhood overview, see my Edmonds neighborhood guide.

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