🏡 Closing Costs Calculator
Estimate the one-time costs due when you close on a home purchase.
What's Included in Closing Costs?
Closing costs are the fees and expenses — beyond the down payment — you pay when finalizing a home purchase. They commonly include: loan origination and underwriting fees, appraisal fee, credit report fee, title search and title insurance, attorney/escrow fees, recording fees, and prepaid items like the first months of property tax and homeowners insurance held in escrow. Because these vary widely by state, lender, and loan type, this calculator provides a percentage-based estimate rather than an itemized breakdown — your lender is required to give you an exact "Closing Disclosure" at least three business days before closing.
Frequently Asked Questions
Are closing costs different for a refinance?
Refinance closing costs are usually similar in structure but somewhat lower in total (no title insurance
owner's policy is typically needed), often 2-5% of the loan amount rather than the home price.
Do I need closing costs in cash, separate from my down payment?
Yes — closing costs are separate from your down payment. Both are typically due at or before closing, so
budgeting for both together (as this calculator does) gives a more realistic picture of total cash needed.
Guide: understanding your result
- Buyer closing costs commonly run about 2%–5% of the loan amount: lender fees, appraisal, title insurance, recording fees and prepaid items.
- Your lender must give you a Loan Estimate within three business days of applying, and a Closing Disclosure at least three business days before closing.
- Some costs are negotiable or can be covered by seller credits.
Worked example
On a $300,000 loan, closing costs in the 2%–5% range would be roughly $6,000 to $15,000, paid at closing on top of the down payment unless rolled into the loan or covered by credits.
Typical closing cost range by loan amount
| Loan amount | At 2% | At 3.5% | At 5% |
|---|---|---|---|
| $200,000 | $4,000 | $7,000 | $10,000 |
| $300,000 | $6,000 | $10,500 | $15,000 |
| $400,000 | $8,000 | $14,000 | $20,000 |
| $600,000 | $12,000 | $21,000 | $30,000 |
Ranges are illustrations; your Loan Estimate shows the actual figures.
Common mistakes to avoid
- Budgeting only for the down payment.
- Not comparing Loan Estimates from more than one lender.
Official sources
Examples are calculated live from the same data the calculator uses and are for education only — they are not financial, tax or investment advice.
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