Closing Cost Calculator
Closing costs are due at the end of a real estate transaction and can add thousands of dollars to what you pay or receive. Buyers typically pay 2 to 5% of the purchase price in closing costs; sellers pay agent commissions plus additional fees. This calculator estimates both buyer and seller costs based on typical US national ranges. Actual costs vary by lender, state, and county, so always get a Loan Estimate from your lender for precise figures.
How closing costs are estimated
Loan Amount = Purchase Price x (1 - Down Payment %)
Buyer Closing Costs = Origination Fee + Title Fees + Appraisal + Prepaid Items + Other Fees
Cash to Close = Down Payment + Buyer Closing Costs
This calculator uses midpoint estimates for standard line items: appraisal ($500), title and escrow (0.75% of loan), prepaid interest and insurance (1.0% of loan), transfer taxes (0.2% of purchase price), and attorney/recording fees ($750). Actual costs depend on your lender, location, and transaction specifics. The CFPB requires a Loan Estimate within 3 business days of application.
Typical closing cost line items
- Loan origination and underwriting fees (lender): 0.5 to 1% of loan amount
- Appraisal: $300 to $600 for most residential properties
- Title search and lender's title insurance: 0.5 to 1% of loan amount
- Owner's title insurance: negotiable, often paid by seller
- Escrow/attorney fee: $500 to $2,000 depending on state
- Prepaid homeowners insurance: first year premium ($800 to $2,000 typically)
- Prepaid mortgage interest: daily interest from closing to end of month
- Property tax escrow: typically 2 to 3 months of estimated taxes
- Transfer taxes: varies widely by state (0% to over 2% of purchase price)
Closing cost calculator: frequently asked questions
What are closing costs?
Closing costs are fees and expenses paid at the completion of a real estate transaction, beyond the purchase price. Buyers typically pay 2 to 5% of the purchase price; sellers typically pay 1 to 3% plus the real estate commission. Costs include lender fees, appraisal, title insurance, escrow fees, prepaid items, and government transfer taxes.
What are typical buyer closing costs?
Buyer closing costs commonly include: loan origination fee (0.5 to 1% of loan), appraisal ($300 to $600), credit report ($25 to $50), title search and lender's title insurance (0.5 to 1% of loan), owner's title insurance (varies), attorney or escrow fees ($500 to $2,000), prepaid homeowners insurance, prepaid mortgage interest, and property tax escrow deposits.
What are typical seller closing costs?
Seller closing costs typically include: real estate commissions (negotiable; historically 5 to 6% total), transfer taxes (varies by state and county), attorney or closing fees, prorated property taxes, HOA transfer fees if applicable, and any seller-paid buyer concessions. Sellers usually do not pay loan-related fees.
Can closing costs be rolled into the mortgage?
In most cases, closing costs cannot be directly added to a purchase loan (since the loan is based on the property value). However, you may be able to negotiate with the seller for closing cost credits, use a no-closing-cost loan (where costs are added to the rate or loan amount), or use a VA loan which limits some fees. On a refinance, closing costs can often be rolled into the new loan balance.
Are closing costs the same everywhere in the US?
No. Closing costs vary significantly by state and locality. States like New York, Pennsylvania, and Delaware have some of the highest closing costs due to transfer taxes and attorney requirements. States like Missouri, Indiana, and Iowa tend to have lower costs. The CFPB requires lenders to provide a standardized Loan Estimate within three business days of application, which itemizes all expected closing costs.
Official sources
- Consumer Financial Protection Bureau (CFPB): Closing Disclosure Explainer.
- CFPB: Loan Estimate Explainer.
- HUD: Buying a Home Resources.
Reviewed by the CalculatorHub team, edited by James Graham, 14 June 2026. See our methodology.