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 itemized 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.
Frequently Asked Questions
How much are closing costs?
Buyers typically pay 2–5% of the loan amount. On a $350,000 loan that is roughly $7,000–$17,500. The total depends on your state, transfer taxes, title insurance rates, lender fees and any discount points you buy.
What is included in closing costs?
Lender fees (origination, underwriting), appraisal and credit report, title search and title insurance, recording fees and transfer taxes, plus prepaid items: homeowners insurance, prepaid interest and the initial escrow deposit for property taxes.
Can the seller pay my closing costs?
Yes, through seller concessions negotiated in the purchase contract. Loan programs cap them: conventional loans allow 3–9% of the price depending on down payment, FHA allows 6%, and VA allows 4% in concessions plus normal closing costs.
When will I know my exact closing costs?
Your lender must send a Loan Estimate within 3 business days of your application and a Closing Disclosure at least 3 business days before closing. Compare the two; many fees can only rise within set tolerances.