In Ohio, buyers typically pay between 2% and 5% of the purchase price in closing costs. For this $594,990 new build, you should budget roughly $12,000 to $30,000.
| Expense Item | Estimated Cost |
| :--- | :--- |
| Loan Origination & Fees | $3,000 - $6,000 |
| Title Insurance & Search | $2,500 - $4,000 |
| Government Recording Fees | $200 - $500 |
| Prepaid Taxes & Insurance | $4,000 - $9,000 |
| Appraisal & Inspections | $700 - $1,200 |
Since this is a new construction home by K. Hovnanian, always ask about builder incentives. Builders frequently offer credits that can cover a significant portion of these costs if you use their preferred lender.
Keep in mind that Ohio property taxes are paid in arrears. For a brand-new 2026 build, your initial tax bill might be based on the land value only. Don't let that fool you—once the county reassesses the property with the completed house, your monthly escrow payment will likely jump.