Closing Costs Calculator
Estimate what you will pay to close on a home. Enter the price and loan amount to see a typical breakdown of closing costs and the total as a percent of the price. Adjust the line items to match your loan estimate.
How to estimate closing costs
- Enter the home price and the loan amount you are financing.
- Review the default line items, which mix percentages of the loan or price with flat fees.
- See the total cost and what share of the price it represents.
Examples
300,000 home with a 240,000 loan
Home price 300,000, loan amount 240,000, default items
Total closing costs about 5,600, roughly 1.87% of the price
Frequently asked questions
What are closing costs?
Closing costs are the fees paid to finalize a home purchase, such as loan origination, appraisal, title insurance, credit report and recording fees. They are separate from your down payment.
How much are closing costs?
For buyers they often run about 2 to 5 percent of the home price, depending on the lender, loan type and state. This tool starts from a typical set you can adjust to your own loan estimate.
How are the line items calculated?
Some fees are a percent of the loan, such as a 1 percent origination charge. Others are a percent of the price, like title insurance, and some are flat dollar amounts. The total sums them all.
Are these the same as my down payment?
No. The down payment is the part of the price you pay in cash and is not a fee. Closing costs are extra charges on top of the down payment that you pay at settlement.
Are these figures exact?
No. They are estimates to help you plan. Your lender's loan estimate and the title company will give exact figures, which vary by location and loan program.
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