Closing Costs Calculator
The fees hiding under the purchase price.
Estimated closing costs:
As % of home price:
How to use this calculator
Enter the home price and loan amount, then press Calculate. Estimated closing costs and their percentage of the price are shown.
Worked example
On a $300,000 home with a $240,000 loan, a typical buyer pays 2-5% of the purchase price in closing costs. At 3% that is about $9,000. The loan amount matters because lender fees, title insurance and points are often charged as a percentage of what you borrow, so the two fields usually move together.
What the result means
Closing costs are the one-time cash you must bring to the table beyond the down payment. Knowing the estimate before you make an offer tells you whether you can actually afford to close - many buyers qualify for the mortgage but run out of cash at the closing table.
Where the money goes
- Lender fees: origination, appraisal, credit report.
- Third-party fees: title search and insurance, escrow, recording.
- Prepaids: property tax and insurance escrow deposits.
Frequently asked questions
Can closing costs be rolled into the loan?
Sometimes, but it raises your balance and monthly payment. Ask your lender for a quote with and without rolled-in costs.
Do buyers or sellers usually pay?
Both - the split is negotiated locally. Buyers typically pay lender and title fees; sellers often pay transfer tax and agent commissions.
Your lender is required to give a Loan Estimate within three days of your application, and a Closing Disclosure before you sign. Use this tool for a rough budget early, then compare the official numbers to the estimate line by line before closing day.