Closing Costs Calculator
Closing costs typically run 2–5% of the home price and are often the biggest financial surprise for first-time buyers. Get an itemised estimate for your state before you make an offer.
1 Purchase Details
State affects transfer tax estimate.
Estimated Closing Costs
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Enter your home price above
Low Estimate
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High Estimate
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% of Home Price
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Itemised Cost Breakdown
Estimates — actual amounts vary by lender and location
Cost Breakdown by Category
What Are Closing Costs?
Closing costs are fees and expenses paid at the end of a real estate transaction, typically on the day you receive the keys. They're separate from your down payment and generally run 2%–5% of the home's purchase price — meaning $8,000–$20,000 on a $400,000 home.
What's Included in Closing Costs?
- Lender fees — origination fee (0.5–1% of loan), appraisal ($400–$700), credit report, flood certification.
- Title fees — title search, title insurance (lender's and owner's), settlement/escrow agent fee.
- Government fees — deed recording fee, transfer taxes (vary widely by state — Delaware charges 4%, most western states charge 0%).
- Prepaid items — homeowners insurance (first year), pre-paid interest, and escrow reserves (2 months of taxes and insurance).
Can You Reduce Closing Costs?
Yes. Shop multiple lenders to compare Loan Estimate documents (required within 3 business days of application). Negotiate seller concessions — in a buyer's market, sellers may pay 1–3% of closing costs. Some lenders offer "no-closing-cost" mortgages that roll fees into the rate — use the Refinance Calculator to model whether that trade-off makes sense.
Once you know your total upfront cash requirement (down payment + closing costs), use the Affordability Calculator to confirm you're within budget.