Summary answer: On a $650,000 home in Lorton — right around several recent median readings — expect buyer closing costs of roughly $13,000-$19,500 (about 2-3% of purchase price), before prepaid items like taxes and insurance.
I'm Johnny with JQ Real Estate. Here's exactly what's in that number.
What's actually in Lorton closing costs
| Cost Category | Typical Range on $650K |
|---|---|
| Lender fees | $3,250-$5,400 |
| Title insurance & settlement fees | $2,700-$4,400 |
| Recording & transfer taxes | $2,200-$3,800 |
| Prepaid property taxes & insurance | $2,500-$4,400 |
Why Lorton's standard Fairfax County tax rate matters here
At $1.1225 per $100 of assessed value, the standard Fairfax County rate applies here — factor this into your prepaid escrow amount at closing. On a $650,000 home, that works out to roughly $608/month in property tax, and lenders typically collect several months of it upfront into escrow.
A special note on assumed VA loans
If you're assuming an existing VA loan on a Lorton property, your closing costs can look meaningfully different — often lower on the lender-fee side but requiring cash to cover the difference between the loan balance and purchase price, since the seller's existing loan amount rarely equals full market value.
What to bring to your lender conversation
Come prepared with your last two years of tax returns, recent pay stubs, and a list of any other debts or assets — the more complete your picture upfront, the faster and more accurate your pre-approval will be. Lorton's genuine mix of townhomes, condos, and single-family homes on varied lot sizes means your lender should also know which property type you're targeting, since this can affect loan program eligibility and appraisal requirements.
Get an exact number for your deal
Reach out once we've identified a target property and I'll run your real numbers, whether you're getting a new loan or considering an assumption.
One more thing worth mentioning: rate shopping across at least two or three lenders genuinely pays off, even a quarter-point difference adds up meaningfully over a 30-year loan term.
For more Lorton buyer and seller questions, visit our Lorton real estate hub.