Closing Cost Calculator
Estimate total closing costs with a detailed fee breakdown.
Estimated Closing Costs
$12,000
Typical Breakdown
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What it does: Estimates your total closing costs with a detailed breakdown of common fees including origination, appraisal, title insurance, and prepaid expenses.
When to use: Use this when you are budgeting for a home purchase and want to know the total cash you need at closing beyond the down payment.
How to use: Enter your home price and estimated closing cost rate (typically 2-5% of the loan amount). The calculator shows the total and a typical fee breakdown.
Key Inputs Explained
Worked Example
On a $400,000 home with 3% closing costs: Total closing costs = $12,000. Breakdown: Origination fee $4,000, Appraisal $500, Title insurance $2,000, Recording fees $150, Prepaid taxes $1,200, Prepaid insurance $1,500.
Assumptions & limitations: Closing costs vary by lender, location, and loan type. This calculator provides an estimate based on typical percentages. Your actual costs are detailed on your Loan Estimate and Closing Disclosure.
Calculator FAQs
What are closing costs?
Closing costs are fees and expenses paid at closing, beyond the down payment. They include lender fees, title insurance, appraisal, recording fees, and prepaid expenses like taxes and insurance.
Can I get the seller to pay closing costs?
Yes. Seller concessions can cover some or all of your closing costs, depending on the loan type. Conventional allows up to 3-6%, FHA up to 6%, VA up to 4%.
Are closing costs the same as the down payment?
No. The down payment goes toward the purchase price. Closing costs are separate fees. Your total cash to close = down payment + closing costs + prepaid expenses.
Can I roll closing costs into the loan?
On a purchase, no (with some exceptions for USDA and VA). On a refinance, you can often roll costs into the new loan, but this increases your balance and monthly payment.