Closing Cost Calculator

Closing costs are the fees you pay to finalize a home purchase — separate from your down payment. They go to your lender, title company, government, inspectors, and other service providers involved in the transaction.

1. Enter your home price and down payment — the calculator auto-estimates each fee based on your loan amount.
2. Review the total — the right panel shows your estimated closing cost as a dollar amount and percentage of the purchase price. Most buyers pay between 2% and 5%.
3. Fine-tune the numbers — expand the Fee Breakdown to edit any individual line item. If you've gotten a quote from a title company or lender, plug in their actual numbers for a more precise total.

Fees automatically recalculate when you change the home price. If you've manually edited a fee, it stays locked — hit "Reset to defaults" to recalculate everything from scratch.

• Loan fees — the lender's charges for processing your mortgage. The origination fee (typically 0.5% to 1% of the loan) is the biggest one. You may also pay for a credit report and discount points if you want to buy down your rate.
• Title and legal fees — title search, title insurance, attorney fees, and settlement or escrow charges protect both you and the lender against ownership disputes.
• Prepaid expenses — lenders require you to prepay homeowners insurance, a few months of property tax, and daily interest from your closing date to the end of the month.
• Inspections and appraisal — the appraisal confirms the home's value for the lender. Home inspections, pest checks, and surveys protect you as the buyer.
• Government and recording fees — your local government charges to record the deed transfer and mortgage documents.

• Shop around for services — title insurance, inspections, and even lender fees can vary significantly between providers. Get at least three quotes.
• Negotiate with the seller — ask for seller concessions, where the seller agrees to pay a portion of your closing costs. This is common in buyer-friendly markets.
• Close at the end of the month — this minimizes prepaid interest since fewer days fall between closing and your first mortgage payment.
• Skip discount points — unless you plan to stay in the home for many years, paying points upfront to buy down your rate may not be worth it.
• Ask about lender credits — some lenders offer to cover part of your closing costs in exchange for a slightly higher interest rate. Good for buyers who want to minimize out-of-pocket costs.