Closing Cost Estimator

What you’ll pay at closing

See the fees and upfront payments due when you buy or refinance, and the total cash you’ll need to bring. Enter the price, your down payment, and your loan type; every line below starts from a typical amount you can edit.

Closing costs come in four groups
are everything due when the loan is finalized, besides the down payment: fees to the lender, fees to outside services like the appraiser and title company, government taxes, and prepaids.
Some of it is your own bills, paid early
Prepaids are your first property tax, insurance, and interest, paid at closing. Part goes into an the lender uses to pay those bills later. They raise the cash you need, but they aren’t fees.
Cash to close is what you bring
On a purchase, cash to close is your down payment plus closing costs, minus credits: your already paid, plus any amount the seller or lender agrees to cover.

Each line starts at a typical amount. Once a lender sends your Loan Estimate, replace them with its figures. Understanding closing costs walks through every line.

Purchase price

Down payment

Interest rate

Property tax

% / yr

Home insurance

$/ yr

Loan amount: $400,000 (80.0% )

Estimated closing costs

$6,741

1.35% of price · cash to close: $101,741 ($100,000 down + $6,741 closing − $5,000 credits)

Buyer closing costs, including prepaids and escrow deposits, typically run 2–5% of the home price. Your number sits at 1.35%.

Many fees are negotiable or shoppable. Your (page 2) breaks them out; compare it to this.

Total closing costs

$6,741

1.35% of price

Cash to close

$101,741

down payment + closing costs − $5,000 credits

Lender fees

0.00% of price

Third-party services

$1,610

0.32% · appraisal, title, etc.

Government taxes

$2,500

0.50% · transfer, recording

Prepaids & escrow

$2,631

0.53% · tax, insurance, interest

What this means

You’d bring about $101,741 to closing: your $100,000 down payment plus $6,741 in closing costs, minus $5,000 in credits. Of the closing costs, $2,631 are prepaids: your own property tax, insurance, and interest paid early. The fees themselves come to $4,110. The biggest group is prepaids and escrow, at $2,631.

Within 3 business days of applying, each lender must give you a Loan Estimate with its real fees; compare those line by line. How to read a Loan Estimate

What would lower your cash to close

Close near the end of the month2 days of prepaid interest instead of 15−$926

Lender fees$0

What the lender charges to make the loan. These vary the most between lenders, so they're worth comparing.

Origination fee

~0.5–1% of loan

Application fee

Underwriting fee

Discount points

1 point = 1% of loan, lowers rate ~0.25%

Third-party services$1,610

Outside companies the deal needs: the appraiser, title company, county recorder, and inspectors. Your Loan Estimate shows which ones you can shop for.

Appraisal

Credit report

Lender's title insurance

protects the lender; required

Owner's title insurance

protects you; who pays is local custom (toggle below)

Title search & exam

Settlement / escrow

Recording fees

Survey

often skipped or seller-paid

Pest inspection

Government & transfer taxes$2,500

Taxes your state, county, or city charges when a home changes hands or a mortgage is recorded. Many states charge little or nothing.

Transfer tax (your share)

% of price

Mortgage recording tax

% of loan

Transfer tax (0.5% of price)$2,500

Prepaids & escrow$2,631

Your own first bills, paid at closing: interest for the rest of the month, plus property tax and insurance to start your escrow account.

Days of prepaid interest

Property tax deposit

months

Insurance prepaid

Prepaid interest (15 days @ 6.5%)$1,068

Property tax deposit (3 months)$1,563

Insurance prepaid (annual + escrow)$0

Prepaids are money you’d owe anyway, paid upfront: interest to the lender, insurance to the insurer, and starting deposits for your escrow account.

Credits & adjustments-$5,000

Money already paid or covered by someone else. These reduce your cash to close, not the closing-cost total. Your will show each one as a separate line.

Lender credit

Seller concession

Earnest money deposit

Property tax proration

Owner’s title insurance: who pays?

Set by local custom and your contract. The seller customarily pays in roughly half of states (e.g. most of FL, TX, AZ, much of Southern CA); the buyer usually pays in much of the Northeast and Mid-Atlantic (e.g. NY, NJ, PA, MD) and Northern CA. Ask your agent or title company.

Results are estimates based on your inputs and the assumptions on this page, not quotes or advice. A lender, servicer, or tax advisor will give you different numbers. Disclaimer

Something look off? Report it

Terms used on this page

The main line items on a Loan Estimate and Closing Disclosure.

Closing costs: The fees and prepaid expenses due when a purchase or refinance is finalized, paid on top of the down payment. They typically run 2% to 5% of the price. More
Cash to close: The total you bring to closing: down payment plus closing costs, minus credits like your earnest money and anything the seller or lender agreed to cover.
Prepaids: Your first property tax, homeowners insurance, and mortgage interest, paid at closing. You’d owe them anyway, but paying them at closing raises the cash you need.
Escrow account: An account your lender keeps to pay your property tax and insurance bills. Part of each monthly payment goes into it, and closing seeds it with a starting deposit. More
Title insurance: A one-time policy that protects against problems with the home’s ownership history, like an old lien. The lender’s policy is required; the owner’s policy protects you. More
Transfer tax: A state, county, or city tax charged when a property is sold. Rates range from zero to a few percent, and local custom decides whether buyer or seller pays. More
Discount points: An optional upfront fee to the lender for a lower interest rate. One point costs 1% of the loan amount. More
Earnest money: A good-faith deposit you make when the seller accepts your offer. It’s credited toward what you owe at closing. More
Seller concession: Money the seller agrees to put toward your closing costs. Each loan type caps it as a percentage of the price.
Loan Estimate: A standard 3-page form every lender must give you within 3 business days of applying. It lists every closing cost, so you can compare lenders line by line. More

Keep learning

Next steps

Closing costs by state: transfer and property tax rates where you’re buying
Points calculator: whether paying points for a lower rate pays off
Gift funds wizard: using family money toward your cash to close
Affordability calculator: how much house your income supports