Get a detailed estimate of closing costs for your home purchase. Includes lender fees, third-party services, prepaid items, and government charges. Costs vary by loan type and location.
Closing costs are the constellation of fees, taxes, and prepaid items that come due at settlement — separate from your down payment, and almost always larger than first-time buyers expect. The total typically runs 2–5% of the home price for the buyer, and many of the line items are negotiable or shoppable even though they appear fixed on the page.
This calculator estimates the major buyer-side closing cost categories: lender fees (origination, underwriting, processing), third-party services (appraisal, title insurance, settlement, survey), prepaid items (property taxes, homeowners insurance, prepaid interest, escrow setup), and government charges (recording fees, transfer taxes). The exact mix depends heavily on loan type (FHA and VA add their own funding fees) and state (transfer taxes range from $0 in some states to over 2% of the price in others).
Treat the number as a planning estimate. The authoritative number comes on the Loan Estimate (within 3 business days of applying) and is finalized on the Closing Disclosure 3 business days before settlement.
$350,000 home, 20% down, average cost area, 6.5% rate, 1.1% property tax. Loan: $280,000 Expected closing costs: ≈ $11,000–$13,000 Total cash to close: ≈ $81,000 ($70,000 down + ~$11,000 closing) Many first-time buyers focus on the 20% down ($70K) and are surprised by the extra $11K needed.
$300,000 home, 3.5% down, FHA loan. Loan: $289,500 + upfront MIP of $5,066 (1.75%) typically rolled into loan Buyer-paid closing costs: ≈ $7,000–$10,000 (lower because the upfront MIP is financed) Total cash to close: ≈ $17,500 ($10,500 down + $7,000 closing) FHA shifts some cost into ongoing monthly MIP, but reduces cash needed at the table — important for buyers who are down-payment-constrained.
Use this calculator at the start of a home search, when budgeting total cash to close, and again right before settlement to sanity-check the lender's Closing Disclosure. Specific tactics that can reduce the number:
- Shop title insurance and settlement — these are buyer-controlled in many states and quotes vary by 25%+ for the same coverage - Ask the seller for a closing-cost credit as part of the negotiation (more common in buyer's markets) - Compare lenders' Loan Estimates side by side — origination and discount fees vary - Time the closing near the end of the month to reduce prepaid interest
The CFPB publishes a side-by-side Loan Estimate comparison tool that's worth running once you have 2–3 offers in hand.
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Total Closing Costs
$9,710
Cash Needed at Closing
$79,710
Closing Cost %
2.8%
Loan Amount
$280,000
| Category | Item | Amount |
|---|---|---|
| Lender Fees | Loan Origination (0.5%) | $1,400.00 |
| Lender Fees | Underwriting Fee | $500.00 |
| Lender Fees | Credit Report | $50.00 |
| Lender Fees | Flood Certification | $20.00 |
| Third Party | Appraisal | $450.00 |
| Third Party | Title Search | $300.00 |
| Third Party | Title Insurance | $1,400.00 |
| Third Party | Survey | $400.00 |
| Third Party | Attorney Fee | $800.00 |
| Third Party | Home Inspection | $400.00 |
| Prepaids | Prepaid Interest (15 days) | $747.95 |
| Prepaids | Escrow Taxes (3 months) | $962.50 |