Closing Cost Calculator
Estimate your closing costs — typically 2-5% of the home price.
Closing costs typically range from 2% to 5% of the home price, depending on your location and lender.
Estimated Closing Costs
$12,000
3% of $400,000
Cost Breakdown
💡 Plain English: On a $400,000 home, expect about $12,000 in closing costs. You'll pay this in addition to your down payment at closing. Some sellers may agree to cover part of your closing costs — ask your agent about seller concessions.
About the Closing Cost Calculator
Closing costs are the fees and expenses you pay to finalize a home purchase or refinance, on top of your down payment. They typically run 2–5% of the loan amount and catch many buyers by surprise, so estimating them early helps you budget.
How this calculator works
Enter your home price and loan amount. The calculator applies typical ranges for lender fees, title and escrow charges, taxes, and prepaid items to estimate your total closing costs.
The math, in plain English
Estimated closing costs = loan amount × closing cost percentage (commonly 2–5%). Individual fees — origination, title insurance, recording, and prepaid taxes/insurance — are summed to refine the estimate.
Key terms
- •Origination fee — a lender charge for processing the loan
- •Title insurance — protection against past title defects on the property
- •Prepaids — upfront payments for future taxes and insurance held in escrow
Tips & things to know
- ✓Closing costs are negotiable — ask the lender to reduce or waive certain fees.
- ✓Some lenders offer "lender credits" that cover closing costs in exchange for a slightly higher rate.
- ✓Budget for closing costs separately from your down payment so you are not caught short.
Frequently asked questions
Who pays closing costs?+
Buyers pay most closing costs, but sellers sometimes cover part of them as a negotiated concession.
Can I roll closing costs into the loan?+
Sometimes, on a refinance. On a purchase, closing costs are typically paid out of pocket at closing.
This calculator is for educational purposes only and uses estimates. Always consult a licensed mortgage professional for advice specific to your situation.