Closing Cost Calculator
Calculate all closing costs for buying a home. This comprehensive calculator estimates lender fees, title insurance, appraisal costs, and other settlement expenses to help you budget for your home purchase.
Total Closing Costs
Cash Required at Closing
Cost as % of Home Price
Closing Cost Categories
Lender Fees
- Origination fee (0.5-1%)
- Appraisal fee ($300-600)
- Credit report fee ($30-50)
- Underwriting fee ($400-900)
- Loan processing fee ($500-1,000)
Title & Escrow
- Title insurance ($500-1,500)
- Title search fee ($200-400)
- Escrow fee ($500-1,200)
- Notary fee ($100-200)
- Document preparation ($100-300)
Taxes & Government
- Property taxes (prorated)
- Transfer taxes (varies by state)
- Recording fees ($50-200)
- Homeowners association fees
- Flood certification ($10-20)
Prepaid Items
- Homeowners insurance (1-2 years)
- Property taxes (escrow)
- Mortgage insurance (if applicable)
- Interest to first payment date
- Flood insurance (if required)
Other Fees
- Home inspection ($300-500)
- Home warranty ($300-600)
- Survey fee ($200-600)
- Pest inspection ($100-300)
- Attorney fees (varies)
Negotiable Items
- Origination fees
- Title insurance
- Home warranty
- Home inspection
- Appraisal (sometimes)
Understanding Closing Costs
Closing costs are fees and expenses paid at the closing of a real estate transaction. These costs typically range from 2-5% of the home's purchase price and are paid by the buyer, though some can be negotiated with the seller.
What Are Closing Costs?
Closing costs cover the administrative work needed to transfer property ownership. They include lender fees, title insurance, escrow services, and government recording fees. While some costs are fixed, others can be negotiated or shopped around.
Who Pays Closing Costs?
Traditionally, buyers pay closing costs, but sellers may contribute through seller concessions. FHA and VA loans have limits on seller contributions. The final responsibility depends on local customs and negotiation between buyer and seller.
Negotiating Closing Costs
Many closing costs are negotiable. You can shop for title insurance quotes, ask lenders to waive certain fees, or request seller concessions. Getting multiple quotes and comparing offers can save you hundreds or thousands of dollars.
Timing of Payments
Most closing costs are due at closing, but some prepaid items like homeowners insurance and property taxes are escrowed. You'll need to bring a cashier's check or wire transfer for the total amount due.
State Variations
Closing costs vary significantly by state. Some states have high transfer taxes, while others have low recording fees. Attorney involvement also varies - some states require attorneys for closings, others use title companies.
Tip: Review your Loan Estimate carefully and compare it with your final Closing Disclosure. Shop around for quotes on title insurance, appraisals, and other services. Don't be afraid to negotiate fees with your lender and ask for seller concessions.