Closing Costs Calculator

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 charged at settlement and are separate from your down payment.

Six typical buyer fees: loan origination at 1% of the loan, a flat 1,000 lender and underwriting fee, a flat 500 appraisal, a flat 50 credit report, title insurance at 0.5% of the price, and a flat 150 recording fee.

Origination is a percent of the loan amount, so it grows with what you finance. Title insurance is a percent of the purchase price. The other four are fixed dollar fees that do not change with price or loan size.

Appraisal, credit report, lender and recording fees are entered as fixed amounts, so they contribute the same 1,700 total whether you buy a 250,000 or a 500,000 home. Only origination and title scale with your numbers.

The on-page calculator uses the built-in typical set and only lets you change price and loan. The JSON API accepts a custom 'items' array where each item can be a percent of loan, a percent of price, a flat fee, or a mix.

For buyers they often run about 2 to 5 percent of the price once you add lender, title, escrow, prepaid taxes and insurance. This tool's default set lands lower because it covers core fees, not prepaids or points.

No. The down payment is the share of the price you pay in cash and builds your equity. Closing costs are service and lender fees on top of that, so budget for both when you plan the cash you need to close.

The loan cannot be negative and cannot exceed the home price, and the price must be greater than zero. If the loan is larger than the price, lower the loan or raise the price and the estimate reappears.

The numbers are planning estimates, not a quote; your loan estimate and title company give the exact figures, which vary by state and program. The math runs entirely in your browser, so nothing you type is uploaded.