You’ve chosen your floor plan. You’ve made your Design Studio selections. Your home is nearly done.

Then someone hands you a closing disclosure and the number at the bottom is bigger than you expected.

Closing costs catch a lot of buyers off guard, not because they’re hidden, but because the conversation about them tends to happen late in the process. This post covers what closing costs actually are, what each line item means, and what you can reasonably expect to pay on a new construction home in the Tulsa metro area.

What Closing Costs Are (and What They’re Not)

Closing costs are the fees and prepaid expenses required to finalize your home purchase. They’re separate from your down payment, and they’re separate from the price of the home itself.

Most buyers in the Tulsa area pay somewhere between 2% and 5% of the loan amount in closing costs. On a $310,000 home, that works out to roughly $6,200 to $15,500. The wide range exists because some of these costs are fixed and predictable, while others vary based on your loan type, lender, and the specifics of your transaction.

The good news: none of these are surprises if you know what to look for.

The Lender Fees

Your lender charges fees to process, underwrite, and fund your loan. These vary by lender, which is one reason working with an experienced new construction lender matters.

Common lender fees include:

  • Origination fee: A charge for processing your loan, typically 0.5%–1% of the loan amount
  • Underwriting fee: The cost of evaluating and approving your application, often $400–$900
  • Rate lock fee: Some lenders charge to lock your interest rate during the build; others do not
  • Credit report fee: Usually $30–$75, covers the cost of pulling your credit

Capital Homes’ preferred lenders — Jason Karn at First United Bank and Grant Deyoe at RCB Bank — specialize in new construction financing and can walk you through their specific fee structures early in the process, well before closing day.

Title Fees

Title fees go to the title company that handles the legal transfer of ownership from Capital Homes to you. In Oklahoma, these typically include:

  • Title search: A review of public records to confirm the property has a clean ownership history, usually $150–$300
  • Title insurance (lender’s policy): Required by your lender, protects against future title disputes, typically $500–$1,000 depending on loan amount
  • Owner’s title insurance: Optional but recommended, protects your own ownership interest
  • Closing/settlement fee: The title company’s charge for conducting the closing appointment, usually $300–$600
  • Recording fees: Paid to the county to officially record the deed and mortgage, typically $50–$150

Prepaid Expenses

Prepaids are not fees… they’re expenses you’d have to pay regardless of whether you were buying a home. They’re collected at closing to fund your escrow account and get your insurance coverage in place.

  • Homeowners insurance: Most lenders require the first year’s premium paid at closing. Rates vary based on coverage and the home’s value
  • Prepaid interest: Interest that accrues between your closing date and the first day of the following month
  • Property tax escrow: An initial deposit into your escrow account to cover upcoming property tax payments. Oklahoma property tax rates vary by county and school district

Prepaids often make up the largest single chunk of closing costs, which surprises buyers who focus only on the fee side of the ledger.

HOA Setup Fees

Most Capital Homes communities include a homeowners association. At closing, you’ll typically pay:

  • HOA initiation fee: A one-time setup fee, amount varies by community
  • Prepaid HOA dues: Often the first few months of dues collected at closing to fund the association account

Your New Home Specialist can tell you the specific HOA structure for your community well before you reach closing.

What You Won’t Pay on a New Construction Home

One advantage of buying new is what’s not on that closing disclosure. With a resale home, buyers commonly pay for home inspections, septic inspections, and other due diligence costs. In some markets, buyers also cover a portion of real estate commissions.

On a new Capital Homes purchase, those costs don’t apply. You’re buying a home with a clean title, a builder warranty already in place, and a construction process that’s been inspected throughout.

When Will You Know the Exact Number?

Your lender is required by law to provide a Loan Estimate within three business days of your application, which gives you an early look at projected closing costs. You’ll receive a final Closing Disclosure at least three business days before your closing date.

Capital Homes works closely with your lender throughout the build to keep the process on track. As the financing page notes, within 30 days of closing your lender will collect final documentation, and once everything is verified you’ll receive your clear to close.

Questions? Talk to a Preferred Lender Early

The best time to have the closing costs conversation is not at closing. It’s well before you get there.

Capital Homes’ preferred lenders are experienced with new construction timelines and can give you a realistic picture of what to expect long before closing day arrives. The earlier you understand the full cost of your purchase, the more confidently you can plan for it.

Ready to get started? Talk to a New Home Specialist or reach out to Cynthia directly at (918) 630-9633.