Closing Cost Calculator
Get a quick estimate of the closing costs on a home purchase. Enter the price, the percentage you expect closing costs to be and any flat fees to see the total and the percent of price.
How to estimate closing costs
- Enter the home price.
- Enter the closing cost percentage (3% is a common starting estimate).
- Add any flat fees and read the total closing cost.
Examples
300,000 home at 3%
Home price 300,000, closing cost 3%
Closing cost 9,000, which is 3% of the price
Frequently asked questions
How much are typical closing costs?
Closing costs commonly run about 2 to 5 percent of the home price for a buyer, though the exact figure depends on your lender, location and loan. Many people use 3 percent as a rough estimate.
How are closing costs calculated here?
The percentage cost is the home price times the percentage divided by 100. Any flat fees you enter are added on top, and the total is shown as a percent of the price for context.
What do closing costs include?
They can include loan origination fees, appraisal, title insurance, escrow, recording fees, prepaid taxes and insurance, and more. Use the flat fees field for known charges not covered by the percentage.
Are closing costs separate from the down payment?
Yes. Closing costs are paid in addition to your down payment. Budget for both so you know the total cash needed to close on the home.
Can closing costs be rolled into the loan?
Sometimes. Depending on the loan and lender, some costs can be financed or covered by seller concessions or lender credits. This tool estimates the gross costs before any such arrangements.
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