Closing Cost Calculator

Enter your home price and estimated closing cost percentage to find your total closing costs.

Closing Cost Calculator

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Home purchase price

Estimated closing cost (% of price, typically 2-5%)

Estimated closing costs

$12,000.00

Loan origination (~1%)

$4,000.00

Title, appraisal & other (~2%)

$8,000.00

A general estimate - actual closing costs vary by lender, location, and loan type. Your lender's official Loan Estimate document has your specific figures.

The formula

Closing costs = Home price x Closing cost percentage Loan origination (estimate) = Home price x 1% Remaining costs (title, appraisal, recording, etc.) = Total - Origination

Example

A $400,000 home at an estimated 3% closing cost rate: total = 400,000 x 0.03 = $12,000 - roughly $4,000 in loan origination and $8,000 across other fees.

Step-by-step guide

Enter your home's purchase price.
Enter an estimated closing cost percentage - 2-5% is a commonly cited range, adjustable based on your specific quote.
Read your total estimated closing costs, split into a rough breakdown.

What actually makes up closing costs

Closing costs bundle together a range of separate fees charged by different parties in a home purchase: the lender (loan origination, underwriting), third parties (appraisal, home inspection, title search, title insurance), and the local government (recording fees, transfer taxes). Because so many different fees are bundled into one number, the exact percentage varies meaningfully by location (some areas have higher transfer taxes than others), loan type, and lender - this calculator's percentage-of-price approach gives a reasonable ballpark, but your lender's official Loan Estimate document is the authoritative source for your actual costs.

Common mistakes

Forgetting to budget for closing costs separately from the down payment - they're two distinct cash requirements due at the same time, not the same expense.

Assuming closing costs are always paid entirely by the buyer - in some markets or negotiations, sellers cover a portion of closing costs as part of the deal.

Frequently asked questions

Can closing costs be rolled into the mortgage?

Sometimes, depending on the loan type and lender - this typically increases the loan amount (and therefore monthly payment) rather than requiring the cash upfront, but not all loan programs allow it.

Are closing costs the same for a refinance as a purchase?

Refinance closing costs are usually somewhat lower since certain purchase-specific fees (like some title costs) may not apply, but the general categories (origination, appraisal, recording) still typically appear.

Where can I get my exact closing costs?

Your lender is required to provide an official Loan Estimate document early in the process, itemizing your specific expected closing costs - this is the authoritative figure to budget against.

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