Closing Cost Estimator
This free closing cost calculator helps home buyers estimate how much they'll pay in fees at the closing table — as a percentage of the home price — with an itemized breakdown and a total "cash to close" figure.
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Enter your numbers to see your estimated closing costs.
How to use this calculator
Enter the home's purchase price and your down payment percentage. Then set your expected closing-cost rate — the default is 3%, right in the middle of the typical 2–5% range for buyers.
The calculator instantly shows your estimated total closing costs, an itemized fee breakdown, and your cash to close — the down payment plus closing costs, i.e. roughly how much money you'll need to bring to the closing table.
How it works
Your loan amount is the home price minus the down payment: loan = price × (1 − down payment %). Total closing costs are a straight percentage of the purchase price: total closing = price × closing-cost %. Cash to close adds the down payment on top: cash to close = down payment + total closing.
The itemized breakdown is a rough estimate, not a quote. It applies nationwide averages — about 1% of the loan amount for loan origination, $500 for the appraisal, $1,750 for title search and title insurance, and $150 for recording fees — and whatever remains of your total lands in "other, prepaid & escrow (estimate)," which covers prepaid interest, homeowner's insurance, and tax escrow deposits. Real closing costs vary widely by state, lender, and loan program, so always confirm with your Loan Estimate.
Estimates only — not a quote or a promise of any particular fee. Actual closing costs depend on your state, lender, and loan program.
Frequently asked questions
How much are closing costs on a home?
Buyers typically pay 2–5% of the home's purchase price in closing costs, though the exact amount varies by state, lender, and loan program. On a $400,000 home, 3% means about $12,000 in closing costs.
What fees are included in closing costs?
Common buyer closing costs include the loan origination fee, appraisal, title search and title insurance, recording fees, prepaid interest, homeowner's insurance, and escrow deposits for property taxes and insurance. Lender, state, and local fees can add more.
Are the numbers on this page a quote or just an estimate?
They are estimates, not quotes. The breakdown uses standard nationwide averages — about 1% of the loan for origination, $500 for an appraisal, $1,750 for title search and insurance, and $150 for recording fees — and puts the remainder into other, prepaid, and escrow items. Your actual Loan Estimate from a lender is the binding document.
Who pays closing costs — the buyer or the seller?
The buyer usually pays the bulk of closing costs at the closing table. In some deals the seller agrees to pay a portion through seller credits or concessions, which can reduce the buyer's out-of-pocket total. Seller concessions are negotiated and often capped by the loan program.
Can I lower my closing costs?
Shop multiple lenders and compare their Loan Estimates line by line, negotiate lender fees, and ask the seller for credits or concessions. Choosing a slightly higher interest rate can also earn lender credits that reduce what you pay at closing, in exchange for more interest over the life of the loan.