Closing Cost Calculator

Itemized buyer and seller closing costs.

Legal Disclaimer

This calculator provides general estimates only and does not constitute legal advice. Laws, regulations, and court procedures vary significantly by jurisdiction. Consult a licensed attorney in your area for advice specific to your situation.

DEGRAD

How to Use This Calculator

Enter Sale Price and Loan Amount to anchor all percentage-based fees.
Set Interest Rate for the prepaid-interest calculation and the number of Prepaid Interest Days (days until month-end at closing).
Input Origination Fee %, Appraisal Fee, and Title Insurance rate per $1,000 of sale price.
Enter Agent Commission %, Transfer Tax %, Title Search Fee, Recording Fee, and Inspection Fee.
Review total buyer and seller closing costs and effective cost percentages.
Use outputs to budget accurately before making an offer or listing a property.

How the result changes with Loan Amount ($)

Loan Amount ($)	Total Buyer Closing Costs	Total Seller Closing Costs	Seller Net Proceeds
5,000,000	$66,393.66	$20,067.81	$329,932.19
17,500,000	$224,784.08	$20,067.81	$329,932.19
32,500,000	$414,852.57	$20,067.81	$329,932.19
45,000,000	$573,242.98	$20,067.81	$329,932.19

What each input means

Sale Price ($): Agreed-upon purchase price of the property.
Loan Amount ($): Total mortgage being originated by the buyer.
Interest Rate (%): Annual mortgage interest rate for prepaid-interest calculation.
Origination Fee (%): Lender origination fee as a percentage of the loan amount.
Appraisal Fee ($): Flat fee charged for the property appraisal.
Title Insurance ($/1k): Title insurance premium per $1,000 of sale price.
Recording Fee ($): County fee to record the deed and mortgage.
Prepaid Interest Days: Number of days of prepaid mortgage interest due at closing.
Home Inspection Fee ($): Fee for the general home inspection.
Agent Commission (%): Total real-estate agent commission (buyer + seller sides).
Transfer Tax (%): State/local transfer or excise tax as a percentage of sale price.
Title Search Fee ($): Fee for searching title records.
Annual Property Tax ($): Annual property tax for proration.
Seller Proration Days: Days of property tax the seller is responsible for up to closing.

What each result means

Total Buyer Closing Costs: Sum of all buyer-side closing costs.
Buyer Costs (% of Price): Buyer closing costs as a percentage of the sale price.
Origination Fee: Lender origination fee.
Appraisal Fee: Property appraisal fee.
Title Insurance: Owner's or lender's title insurance premium.
Recording Fee: County recording fee.
Prepaid Interest: Daily mortgage interest prepaid through end of the closing month.
Home Inspection: General home inspection fee.
Total Seller Closing Costs: Sum of all seller-side closing costs.
Seller Costs (% of Price): Seller closing costs as a percentage of the sale price.
Agent Commission: Total brokerage commission.
Transfer Tax: State/local transfer tax.
Title Search Fee: Fee for title search and examination.
Prorated Property Tax: Seller's share of property tax through closing date.
Seller Net Proceeds: Sale price minus seller closing costs.
Combined Closing Costs: Total buyer + seller closing costs for the transaction.

How this is calculated

Worked example, using the default values

Identify Input Parameters
4 parameters
Sale Price ($) = 350000, Loan Amount ($) = 280000, Interest Rate (%) = 6.5, Origination Fee (%) = 1 = 14 input(s) provided
Calculate Total Buyer Closing Costs
Total Buyer Closing Costs = r(totalBuyerCosts)
6585.45 = $6,585.45
Calculate Total Seller Closing Costs
Total Seller Closing Costs = r(totalSellerCosts)
20067.81 = $20,067.81
Calculate Seller Net Proceeds
Seller Net Proceeds = r(sellerNetProceeds)
329932.19 = $329,932.19
Calculate Buyer Costs
Buyer Costs = r(buyerPctOfPrice)
1.88 = 1.88%
Calculate Origination Fee
Origination Fee = r(originationFee)
2800 = $2,800