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Closing Costs Calculator

Estimate home buying closing costs at 2% to 5% of the price, plus your down payment and total cash needed to close.

Results update instantly.Change any value and the estimate recalculates on the spot.

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Closing costs

Estimate buyer closing costs, your down payment, and the total cash you need to close on a home.

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Estimated closing costs

-

  • Down payment-
  • Cash needed to close-
  • Loan origination (~1%)-
  • Appraisal$500
  • Title insurance (~0.75%)-
  • Recording fees$200
  • Prepaid taxes and insurance (~1%)-

Estimate based on national averages. Actual closing costs vary by state, lender, and loan type.

How to use this calculator

1. Enter the home price. 2. Enter your down payment as a percent of the price. 3. Read the closing cost range, your down payment in dollars, and the total cash needed to close.

Worked example

On a $400,000 home with 10% down, the down payment is $40,000, closing costs run about $8,000 to $20,000, so plan on $48,000 to $60,000 in total cash to close.

How the math works

Closing costs typically run 2% to 5% of the home price. Down payment = price x down payment percent. Cash to close = down payment + closing costs. The itemized lines use typical averages: 1% loan origination, 0.75% title insurance, and 1% prepaid taxes and insurance.

What are closing costs?
Fees paid at the end of a home purchase: lender charges, title insurance, appraisals, recording fees, and prepaid taxes and insurance. They are separate from the down payment.
How much are closing costs?
Typically 2% to 5% of the home price. On a $400,000 home that is roughly $8,000 to $20,000.
Can closing costs be rolled into the loan?
Often yes: many lenders let you finance closing costs, but that raises your loan balance and monthly payment, and you pay interest on the fees.
Who pays closing costs, the buyer or the seller?
Both usually pay some. Buyers pay lender and title fees; sellers often pay agent commissions and transfer taxes. Some fees are negotiable.
What is the difference between closing costs and the down payment?
The down payment is your equity stake in the home; closing costs are service fees and prepaid items that do not reduce your loan balance.
Are closing costs tax deductible?
Some are, like mortgage points and prepaid interest, while most fees are not. Check current IRS rules or ask a tax professional.

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How it works

How the Closing Costs Calculator works

Quick answer: Closing costs usually run 2% to 5% of the price. On a $400,000 home that is $8,000 - $20,000; with 10% down you would need about $48,000 - $60,000 in total cash to close.

Formula

Closing costs ≈ 2% to 5% × price
Cash to close = down payment + closing costs

Line-item estimates: origination about 1% of price, title insurance about 0.75%, prepaid taxes and insurance about 1%.

Worked example

$400,000 price, 10% down ($40,000). Closing costs: $8,000 - $20,000. Cash needed: $48,000 - $60,000.

10% down

Home priceClosing costsCash to close
$250,000$5,000 - $12,500$30,000 - $37,500Open
$400,000$8,000 - $20,000$48,000 - $60,000Open
$600,000$12,000 - $30,000$72,000 - $90,000Open
$800,000$16,000 - $40,000$96,000 - $120,000Open

Assumptions and limits

  • Actual costs depend on state taxes, lender fees, and negotiated seller credits. Your Loan Estimate shows real figures.

Frequently asked questions

What are closing costs?

Fees paid at the end of a home purchase: lender charges, title insurance, appraisals, recording fees, and prepaid taxes and insurance. They are separate from the down payment.

How much are closing costs?

Typically 2% to 5% of the home price. On a $400,000 home that is roughly $8,000 to $20,000.

Can closing costs be rolled into the loan?

Often yes: many lenders let you finance closing costs, but that raises your loan balance and monthly payment, and you pay interest on the fees.

Who pays closing costs, the buyer or the seller?

Both usually pay some. Buyers pay lender and title fees; sellers often pay agent commissions and transfer taxes. Some fees are negotiable.

What is the difference between closing costs and the down payment?

The down payment is your equity stake in the home; closing costs are service fees and prepaid items that do not reduce your loan balance.

Are closing costs tax deductible?

Some are, like mortgage points and prepaid interest, while most fees are not. Check current IRS rules or ask a tax professional.

Can the seller pay closing costs?

Often, through seller concessions, within limits set by the loan type.

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