Closing Costs Calculator
Estimate your itemized closing costs as a buyer or seller. See exactly which fees to expect and how much to budget before you reach the closing table.
I am the:
Defaults to 80% of price if left blank.
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These are estimates based on national averages. Actual costs vary by lender, location, and negotiation. Your lender is required to provide a Loan Estimate within 3 business days of application.
What Are Closing Costs?
Closing costs are fees paid at the final step of a real estate transaction when ownership transfers from seller to buyer. They are separate from the down payment and must be paid in cash (or rolled into the loan in some cases).
Buyer Closing Costs (Typically 2–5% of Purchase Price)
Lender fees
- Origination fee (~1%) — The lender's charge for processing your loan
- Discount points — Optional upfront payment to buy a lower interest rate
- Appraisal — Required by lenders to verify the home's value ($400–$700)
- Credit report — Lender's cost to pull your credit history
Title & settlement fees
- Title search — Verifies no outstanding liens on the property
- Lender's title insurance — Protects the lender (not you) from title disputes
- Owner's title insurance (optional) — Protects you; strongly recommended
- Settlement/escrow fee — Attorney or title company's fee to handle closing
Government fees
- Recording fees — County charges to record the deed transfer
- Transfer tax — State/county tax on the property transfer (varies widely)
Prepaid items
- Prepaid interest — Interest from closing date to end of month
- Escrow setup — Initial deposit into escrow account for taxes and insurance
Seller Closing Costs (Typically 6–10% of Sale Price)
Sellers typically pay more at closing due to the real estate agent commission (traditionally 5–6% of sale price), which alone accounts for most seller costs.
Frequently Asked Questions
Can I negotiate closing costs? Yes. You can negotiate lender fees, shop for title companies, and ask the seller for concessions (seller credits) to cover some of your closing costs.
What is a Loan Estimate? The Loan Estimate is a standardized 3-page document your lender must provide within 3 business days of your mortgage application. It itemizes expected closing costs and is the best source for accurate numbers.
Can closing costs be rolled into the loan? Sometimes. Some programs allow this, but you'll pay interest on those costs over the life of the loan. A "no-closing-cost" mortgage trades higher closing costs for a higher interest rate.
How much cash do I need to bring to closing total? Your closing costs plus your down payment. Closing costs typically run 2–5% of the purchase price on top of whatever you're putting down. The Down Payment Calculator breaks down the trade-offs between different down payment amounts — including how much PMI costs if you put down less than 20% — so you can plan your total cash-to-close figure.
