About the Closing Cost Calculator
Closing costs are the one-time fees you pay to finalize a home purchase, on top of your down payment — usually 2–5% of the home price. They include lender charges like origination, third-party services like title insurance and appraisal, and other fees. This calculator estimates the total from a few adjustable rates so you can budget for the cash you'll need at the table.
How it’s calculated
Total closing costs = loan origination (a % of the loan) + title & settlement (a % of the price) + a flat amount for other fees such as appraisal, inspection, recording, and attorney. The result is also shown as a percentage of the home price.
Example calculation
On a $400,000 home with 20% down (a $320,000 loan): 1% origination = $3,200, 0.5% title = $2,000, plus about $2,500 in other fees — roughly $7,700, or about 1.9% of the price.
Frequently asked questions
How much are closing costs?
For buyers they typically run 2–5% of the home price, varying by lender, loan type, and location. This tool lets you adjust the main components to fit your situation.
Can closing costs be rolled into the loan?
Sometimes. Certain loans and lender credits let you finance some costs or trade a slightly higher rate for fewer upfront fees. That lowers cash at closing but raises what you pay over time.
Who pays closing costs?
Both sides have costs. Buyers usually pay lender and financing fees; sellers often pay agent commissions. In some markets buyers can negotiate seller concessions toward their closing costs.
This calculator provides estimates for educational purposes and should not be considered financial, tax, or legal advice. Your actual figures may vary with lender terms, fees, and market conditions.