Closing Costs Calculator
Estimate the closing costs on your home purchase with an itemized breakdown by category.
Estimate the closing costs on your home purchase with an itemized breakdown by category.
Closing costs are fees paid to finalize a real estate transaction. Buyer costs include lender fees (origination, appraisal), title/escrow fees, prepaid items (interest, insurance), and transfer taxes. Seller costs are dominated by real estate agent commissions (typically 5–6% of sale price) and may include transfer taxes.
Origination = Loan × 1% | Title Insurance = Price × 0.5% | Prepaid Interest = (Loan × Rate) / 365 × 15 daysBuyers can ask sellers to cover part of closing costs as a concession, effectively rolling them into a higher purchase price. This is common in buyer's markets and allows lower upfront cash needed.
Some lenders offer to cover closing costs in exchange for a slightly higher interest rate. This makes sense if you plan to sell or refinance within a few years before the rate premium outweighs the upfront savings.
Estimates use typical national averages. Actual costs vary by lender, location, and transaction. State transfer tax rates reflect approximate figures for selected states. Always get a Loan Estimate (LE) from your lender for accurate figures.