Estimate the closing costs you will pay when buying a home, from lender fees and title charges to prepaid taxes and insurance, and the total cash you need to bring to closing.
What are closing costs?
Closing costs are the fees and prepaid expenses due when your home purchase is finalized. They are separate from your down payment. Most buyers pay roughly 2% to 5% of the loan amount, although costs vary a lot by state, lender and loan type.
Common closing costs
| Category | Examples |
|---|---|
| Lender fees | Origination or underwriting fee, discount points, credit report |
| Third-party services | Appraisal, home inspection, survey, pest inspection |
| Title and settlement | Title search, title insurance, settlement or attorney fee |
| Government charges | Recording fees, transfer taxes in some states |
| Prepaids and escrow | First year of homeowners insurance, property tax deposits, prepaid interest |
How the calculator works
Closing costs = Loan amount × closing cost % + fixed fees − seller credits
Cash to close = Down payment + closing costs
Worked example
On a $350,000 home with $70,000 down, the loan is $280,000. At 3% of the loan, closing costs are $8,400. Add $1,500 for inspection, appraisal and other fixed fees and the total is $9,900. Together with the down payment, you need about $79,900 in cash at closing.
How to lower your closing costs
- Compare Loan Estimates. Every lender must give you a standard Loan Estimate, which makes fees easy to compare side by side.
- Ask for seller credits. In a slower market, sellers may agree to pay part of your closing costs.
- Shop for services you are allowed to choose, such as title insurance or settlement services in many states.
- Look for first-time buyer programs. Many states and cities offer closing cost assistance.
Frequently asked questions
Can closing costs be added to my loan?
On a purchase, they usually cannot be added to the loan directly, but a lender credit (in exchange for a slightly higher rate) or seller credits can reduce what you pay upfront.
When will I know my exact closing costs?
You receive a Closing Disclosure at least three business days before closing. Compare it carefully with your Loan Estimate.
Do sellers pay closing costs too?
Yes. Sellers typically pay their own costs, often including real estate agent commissions, which are separate from the buyer's costs shown here.
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Results are estimates for planning and education only. They are not financial, tax, legal or medical advice. Check important numbers with a qualified professional.